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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 -9.17% first-year return on $90,597 initial cash invested.

-9.17%

Cash On Cash

4.23%

Cap Rate

0.68

DSCR

$2,874

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,874 income − $3,566 expenses = $692 out of pocket

Income$2,874Out of Pocket$692Mortgage P&I$1,79562%Property Taxes$2669%Insurance$1264%Management$43115%CapEx$1154%Maintenance$1154%Other$71825%

Investment Breakdown

|

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

$2,874

Total Expenses

$3,566

Mortgage P&I

62%

$1,795

Property Taxes

9%

$266

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$431

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$718

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