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2309 Wood Crk, Burton, MI 48519

3 beds • 3 baths • 2195 sqft

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This property looks like a bad Airbnb investment with a projected -4.91% first-year return on $69,870 initial cash invested.

-4.91%

Cash On Cash

5.45%

Cap Rate

0.86

DSCR

$2,637

Rent

-$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,870

Downpayment

20%

$49,400

Closing costs

1%

$2,470

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,637

Total Expenses

$2,923

Mortgage P&I

49%

$1,303

Property Taxes

10%

$263

Home Insurance

3%

$88

HOA

0%

$4

Property Management

15%

$396

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

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