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1881 Reidsview Dr, White Lake, MI 48383

3 beds • 4 baths • 4529 sqft

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This property looks like a bad Airbnb investment with a projected -25.21% first-year return on $227k initial cash invested.

-25.21%

Cash On Cash

0.43%

Cap Rate

0.07

DSCR

$4,241

Rent

-$4,774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,241 income − $9,015 expenses = $4,774 out of pocket

Income$4,241Out of Pocket$4,774Mortgage P&I$4,964117%Property Taxes$1,38533%Insurance$63015%Management$63615%CapEx$1704%Maintenance$1704%Other$1,06025%

Investment Breakdown

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Purchase Price

$997k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$227k

Downpayment

20%

$199k

Closing costs

1%

$9,965

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,241

Total Expenses

$9,015

Mortgage P&I

117%

$4,964

Property Taxes

33%

$1,385

Home Insurance

15%

$630

HOA

0%

$0

Property Management

15%

$636

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,060

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