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16399 E Horseshoe Trl, Linden, MI 48451

3 beds • 3 baths • 2272 sqft

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This property looks like a bad Airbnb investment with a projected -1.18% first-year return on $105k initial cash invested.

-1.18%

Cash On Cash

6.11%

Cap Rate

1.04

DSCR

$4,752

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,752 income − $4,855 expenses = $103 out of pocket

Income$4,752Out of Pocket$103Mortgage P&I$2,02543%Property Taxes$3588%Insurance$1493%HOA$421%Management$71315%CapEx$1904%Maintenance$1904%Other$1,18825%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,752

Total Expenses

$4,855

Mortgage P&I

43%

$2,025

Property Taxes

8%

$358

Home Insurance

3%

$149

HOA

1%

$42

Property Management

15%

$713

CapEx

4%

$190

Vacancy

0%

$0

Maintenance

4%

$190

Other

25%

$1,188

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