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246 Nicklas Ct, Oxford, MI 48371

3 beds • 3 baths • 2794 sqft

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This property looks like a bad Airbnb investment with a projected -2.5% first-year return on $97,359 initial cash invested.

-2.5%

Cash On Cash

5.75%

Cap Rate

0.98

DSCR

$3,996

Rent

-$203

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,996 income − $4,199 expenses = $203 out of pocket

Income$3,996Out of Pocket$203Mortgage P&I$1,85446%Property Taxes$2707%Insurance$1574%Management$59915%CapEx$1604%Maintenance$1604%Other$99925%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,359

Downpayment

20%

$75,580

Closing costs

1%

$3,779

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,996

Total Expenses

$4,199

Mortgage P&I

46%

$1,854

Property Taxes

7%

$270

Home Insurance

4%

$157

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$999

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