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18260 Spring Ct N, Fraser, MI 48026

3 beds • 3 baths • 1946 sqft

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This property looks like a bad Airbnb investment with a projected -16.94% first-year return on $80,979 initial cash invested.

-16.94%

Cash On Cash

1.96%

Cap Rate

0.32

DSCR

$1,894

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $3,037 expenses = $1,143 out of pocket

Income$1,894Out of Pocket$1,143Mortgage P&I$1,55882%Property Taxes$46424%Insurance$1056%Management$28415%CapEx$764%Maintenance$764%Other$47425%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,894

Total Expenses

$3,037

Mortgage P&I

82%

$1,558

Property Taxes

25%

$464

Home Insurance

6%

$105

HOA

0%

$0

Property Management

15%

$284

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$474

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