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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 -10.15% first-year return on $94,146 initial cash invested.

-10.15%

Cash On Cash

3.59%

Cap Rate

0.61

DSCR

$2,209

Rent

-$796

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,209 income − $3,005 expenses = $796 out of pocket

Income$2,209Out of Pocket$796Mortgage P&I$1,79381%Property Taxes$191%Insurance$1346%Management$33115%CapEx$884%Maintenance$884%Other$55225%

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

$2,209

Total Expenses

$3,005

Mortgage P&I

81%

$1,793

Property Taxes

1%

$19

Home Insurance

6%

$134

HOA

0%

$0

Property Management

15%

$331

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$552

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