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2327 Vandekarr Rd, Owosso, MI 48867

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $110k initial cash invested.

-14.31%

Cash On Cash

2.81%

Cap Rate

0.46

DSCR

$2,595

Rent

-$1,309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,595 income − $3,904 expenses = $1,309 out of pocket

Income$2,595Out of Pocket$1,309Mortgage P&I$2,23086%Property Taxes$25310%Insurance$1757%Management$38915%CapEx$1044%Maintenance$1044%Other$64925%

Investment Breakdown

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Purchase Price

$437k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,400

Closing costs

1%

$4,370

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,595

Total Expenses

$3,904

Mortgage P&I

86%

$2,230

Property Taxes

10%

$253

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$389

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$649

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