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2437 Amelith Rd, Bay City, MI 48706

3 beds • 3 baths • 2948 sqft

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This property looks like a bad Airbnb investment with a projected -9.93% first-year return on $74,679 initial cash invested.

-9.93%

Cash On Cash

3.5%

Cap Rate

0.59

DSCR

$1,859

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,859 income − $2,477 expenses = $618 out of pocket

Income$1,859Out of Pocket$618Mortgage P&I$1,33272%Property Taxes$1599%Insurance$945%Management$27915%CapEx$744%Maintenance$744%Other$46525%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,859

Total Expenses

$2,477

Mortgage P&I

72%

$1,332

Property Taxes

9%

$159

Home Insurance

5%

$94

HOA

0%

$0

Property Management

15%

$279

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$465

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