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2061 S Green Rd, Lake City, MI 49651

3 beds • 3 baths • 2516 sqft

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This property looks like a bad Airbnb investment with a projected -14.26% first-year return on $95,679 initial cash invested.

-14.26%

Cash On Cash

2.81%

Cap Rate

0.45

DSCR

$2,034

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,034 income − $3,171 expenses = $1,137 out of pocket

Income$2,034Out of Pocket$1,137Mortgage P&I$1,92194%Property Taxes$1457%Insurance$1306%Management$30515%CapEx$814%Maintenance$814%Other$50825%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,034

Total Expenses

$3,171

Mortgage P&I

94%

$1,921

Property Taxes

7%

$145

Home Insurance

6%

$130

HOA

0%

$0

Property Management

15%

$305

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$508

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