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2262 Harbor Petoskey Rd, Petoskey, MI 49770

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -7.02% first-year return on $99,879 initial cash invested.

-7.02%

Cash On Cash

4.88%

Cap Rate

0.78

DSCR

$3,601

Rent

-$584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,601 income − $4,185 expenses = $584 out of pocket

Income$3,601Out of Pocket$584Mortgage P&I$2,02556%Property Taxes$2968%Insurance$1364%Management$54015%CapEx$1444%Maintenance$1444%Other$90025%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,601

Total Expenses

$4,185

Mortgage P&I

56%

$2,025

Property Taxes

8%

$296

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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