REI Lense

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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 -6.73% first-year return on $80,391 initial cash invested.

-6.73%

Cash On Cash

4.47%

Cap Rate

0.76

DSCR

$2,668

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,668

Total Expenses

$3,119

Mortgage P&I

54%

$1,450

Property Taxes

11%

$283

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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