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2206 Oak Shade Dr, Davison, MI 48423

3 beds • 3 baths • 2711 sqft

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This property looks like a bad Airbnb investment with a projected -13.93% first-year return on $80,391 initial cash invested.

-13.93%

Cash On Cash

2.37%

Cap Rate

0.4

DSCR

$1,741

Rent

-$933

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,741 income − $2,674 expenses = $933 out of pocket

Income$1,741Out of Pocket$933Mortgage P&I$1,45083%Property Taxes$28316%Insurance$1056%Management$26115%CapEx$704%Maintenance$704%Other$43525%

Investment Breakdown

|

Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,391

Downpayment

20%

$59,420

Closing costs

1%

$2,971

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,741

Total Expenses

$2,674

Mortgage P&I

83%

$1,450

Property Taxes

16%

$283

Home Insurance

6%

$105

HOA

0%

$0

Property Management

15%

$261

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$435

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