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2202 Eleven Mile Rd NE, Rockford, MI 49341

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Airbnb investment with a projected -17.03% first-year return on $112k initial cash invested.

-17.03%

Cash On Cash

2.68%

Cap Rate

0.4

DSCR

$2,644

Rent

-$1,596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,644 income − $4,240 expenses = $1,596 out of pocket

Income$2,644Out of Pocket$1,596Mortgage P&I$2,49394%Property Taxes$31912%Insurance$1586%Management$39715%CapEx$1064%Maintenance$1064%Other$66125%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,644

Total Expenses

$4,240

Mortgage P&I

94%

$2,493

Property Taxes

12%

$319

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$661

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