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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 -17.96% first-year return on $110k initial cash invested.

-17.96%

Cash On Cash

1.83%

Cap Rate

0.3

DSCR

$1,952

Rent

-$1,643

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,952 income − $3,595 expenses = $1,643 out of pocket

Income$1,952Out of Pocket$1,643Mortgage P&I$2,230114%Property Taxes$25313%Insurance$1759%Management$29315%CapEx$784%Maintenance$784%Other$48825%

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

$1,952

Total Expenses

$3,595

Mortgage P&I

114%

$2,230

Property Taxes

13%

$253

Home Insurance

9%

$175

HOA

0%

$0

Property Management

15%

$293

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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