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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 -4.38% first-year return on $61,890 initial cash invested.

-4.38%

Cash On Cash

5.52%

Cap Rate

0.88

DSCR

$2,219

Rent

-$226

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

$2,219

Total Expenses

$2,445

Mortgage P&I

49%

$1,098

Property Taxes

9%

$208

Home Insurance

3%

$73

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$555

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