REI Lense

REI Lense

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Target property

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 -24.8% first-year return on $94,146 initial cash invested.

-24.8%

Cash On Cash

-0.51%

Cap Rate

-0.09

DSCR

$0

Rent

-$1,946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $1,946 expenses = $1,946 out of pocket

Income$0Out of Pocket$1,946Mortgage P&I$1,793Property Taxes$19Insurance$134

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

$0

Total Expenses

$1,946

Mortgage P&I

17930000%

$1,793

Property Taxes

190000%

$19

Home Insurance

1340000%

$134

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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