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216 W Flint St, Lake Orion, MI 48362

3 beds • 3 baths • 2260 sqft

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This property looks like a bad Airbnb investment with a projected -18.12% first-year return on $104k initial cash invested.

-18.12%

Cash On Cash

1.79%

Cap Rate

0.29

DSCR

$2,302

Rent

-$1,572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $3,874 expenses = $1,572 out of pocket

Income$2,302Out of Pocket$1,572Mortgage P&I$2,09391%Property Taxes$52923%Insurance$1476%Management$34515%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,020

Closing costs

1%

$4,101

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,302

Total Expenses

$3,874

Mortgage P&I

91%

$2,093

Property Taxes

23%

$529

Home Insurance

6%

$147

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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