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2075 Norma Jean Dr, Saginaw, MI 48609

3 beds • 2 baths • 2002 sqft

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This property looks like a bad Airbnb investment with a projected -4.73% first-year return on $61,890 initial cash invested.

-4.73%

Cash On Cash

5.4%

Cap Rate

0.86

DSCR

$2,182

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,182

Total Expenses

$2,426

Mortgage P&I

50%

$1,098

Property Taxes

10%

$208

Home Insurance

3%

$73

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$546

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