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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 -13.75% first-year return on $95,679 initial cash invested.

-13.75%

Cash On Cash

2.95%

Cap Rate

0.47

DSCR

$2,116

Rent

-$1,096

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,116 income − $3,212 expenses = $1,096 out of pocket

Income$2,116Out of Pocket$1,096Mortgage P&I$1,92191%Property Taxes$1457%Insurance$1306%Management$31715%CapEx$854%Maintenance$854%Other$52925%

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

$2,116

Total Expenses

$3,212

Mortgage P&I

91%

$1,921

Property Taxes

7%

$145

Home Insurance

6%

$130

HOA

0%

$0

Property Management

15%

$317

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$529

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