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163 Nicole Dr, Brooklyn, MI 49230

3 beds • 3 baths • 1566 sqft

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This property looks like a bad Airbnb investment with a projected -4.97% first-year return on $92,151 initial cash invested.

-4.97%

Cash On Cash

5.16%

Cap Rate

0.86

DSCR

$3,482

Rent

-$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,482 income − $3,864 expenses = $382 out of pocket

Income$3,482Out of Pocket$382Mortgage P&I$1,76051%Property Taxes$2989%Insurance$1284%HOA$8Management$52215%CapEx$1394%Maintenance$1394%Other$87025%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,151

Downpayment

20%

$70,620

Closing costs

1%

$3,531

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,482

Total Expenses

$3,864

Mortgage P&I

51%

$1,760

Property Taxes

9%

$298

Home Insurance

4%

$128

HOA

0%

$8

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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