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233 Norlynn Dr, Howell, MI 48843

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Airbnb investment with a projected -12.85% first-year return on $114k initial cash invested.

-12.85%

Cash On Cash

3.04%

Cap Rate

0.52

DSCR

$3,374

Rent

-$1,225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,374

Total Expenses

$4,599

Mortgage P&I

67%

$2,252

Property Taxes

17%

$566

Home Insurance

5%

$161

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$844

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