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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 -16.64% first-year return on $80,979 initial cash invested.

-16.64%

Cash On Cash

2.05%

Cap Rate

0.33

DSCR

$1,929

Rent

-$1,123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,929 income − $3,052 expenses = $1,123 out of pocket

Income$1,929Out of Pocket$1,123Mortgage P&I$1,55881%Property Taxes$46424%Insurance$1055%Management$28915%CapEx$774%Maintenance$774%Other$48225%

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

$1,929

Total Expenses

$3,052

Mortgage P&I

81%

$1,558

Property Taxes

24%

$464

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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