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20282 Groveland Ave, Three Rivers, MI 49093

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -11.09% first-year return on $84,843 initial cash invested.

-11.09%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$2,435

Rent

-$784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,435 income − $3,219 expenses = $784 out of pocket

Income$2,435Out of Pocket$784Mortgage P&I$1,61466%Property Taxes$32313%Insurance$1145%Management$36515%CapEx$974%Maintenance$974%Other$60925%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,843

Downpayment

20%

$63,660

Closing costs

1%

$3,183

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,435

Total Expenses

$3,219

Mortgage P&I

66%

$1,614

Property Taxes

13%

$323

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$365

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$609

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