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1725 Fleming Rd, Lewiston, MI 49756

3 beds • 2 baths • 936 sqft

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This property looks like a bad Airbnb investment with a projected -21.67% first-year return on $123k initial cash invested.

-21.67%

Cash On Cash

1.45%

Cap Rate

0.22

DSCR

$1,730

Rent

-$2,217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,730 income − $3,947 expenses = $2,217 out of pocket

Income$1,730Out of Pocket$2,217Mortgage P&I$2,750159%Property Taxes$19211%Insurance$17510%Management$26015%CapEx$694%Maintenance$694%Other$43225%

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,730

Total Expenses

$3,947

Mortgage P&I

159%

$2,750

Property Taxes

11%

$192

Home Insurance

10%

$175

HOA

0%

$0

Property Management

15%

$260

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$432

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