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2054 Hardwood Dr, Davison, MI 48423

3 beds • 2 baths • 2728 sqft

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This property looks like a bad Airbnb investment with a projected -4.67% first-year return on $74,490 initial cash invested.

-4.67%

Cash On Cash

5.11%

Cap Rate

0.86

DSCR

$2,601

Rent

-$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,601 income − $2,891 expenses = $290 out of pocket

Income$2,601Out of Pocket$290Mortgage P&I$1,33251%Property Taxes$2178%Insurance$944%Management$39015%CapEx$1044%Maintenance$1044%Other$65025%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,601

Total Expenses

$2,891

Mortgage P&I

51%

$1,332

Property Taxes

8%

$217

Home Insurance

4%

$94

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$650

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