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1880 Cherry Creek Trl, Grayling, MI 49738

3 beds • 2 baths • 1852 sqft

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This property looks like a bad Airbnb investment with a projected -9.98% first-year return on $94,146 initial cash invested.

-9.98%

Cash On Cash

3.64%

Cap Rate

0.61

DSCR

$2,239

Rent

-$783

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,239 income − $3,022 expenses = $783 out of pocket

Income$2,239Out of Pocket$783Mortgage P&I$1,79380%Property Taxes$191%Insurance$1346%Management$33615%CapEx$904%Maintenance$904%Other$56025%

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,146

Downpayment

20%

$72,520

Closing costs

1%

$3,626

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,239

Total Expenses

$3,022

Mortgage P&I

80%

$1,793

Property Taxes

1%

$19

Home Insurance

6%

$134

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$560

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