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2419 Winfield Ave SW, Wyoming, MI 49519

3 beds • 2 baths • 1406 sqft

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This property might be a fair Airbnb investment with a projected 5.7% first-year return on $74,742 initial cash invested.

5.7%

Cash On Cash

8.23%

Cap Rate

1.38

DSCR

$4,006

Rent

$355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $3,651 expenses = $355 cash flow

Income$4,006Mortgage P&I$1,33833%Property Taxes$2947%Insurance$962%Management$60115%CapEx$1604%Maintenance$1604%Other$1,00225%Cash Flow$355

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,742

Downpayment

20%

$54,040

Closing costs

1%

$2,702

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$3,651

Mortgage P&I

33%

$1,338

Property Taxes

7%

$294

Home Insurance

2%

$96

HOA

0%

$0

Property Management

15%

$601

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,002

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