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175 E Price Rd, Midland, MI 48642

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Airbnb investment with a projected -9.54% first-year return on $90,597 initial cash invested.

-9.54%

Cash On Cash

4.12%

Cap Rate

0.66

DSCR

$2,822

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,822 income − $3,542 expenses = $720 out of pocket

Income$2,822Out of Pocket$720Mortgage P&I$1,79564%Property Taxes$2669%Insurance$1264%Management$42315%CapEx$1134%Maintenance$1134%Other$70625%

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,597

Downpayment

20%

$69,140

Closing costs

1%

$3,457

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$3,542

Mortgage P&I

64%

$1,795

Property Taxes

9%

$266

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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