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2533 Spring Grove Dr, Brighton, MI 48114

3 beds • 3 baths • 3012 sqft

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This property looks like a bad Airbnb investment with a projected -14.67% first-year return on $170k initial cash invested.

-14.67%

Cash On Cash

2.73%

Cap Rate

0.46

DSCR

$4,055

Rent

-$2,082

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,055 income − $6,137 expenses = $2,082 out of pocket

Income$4,055Out of Pocket$2,082Mortgage P&I$3,57188%Property Taxes$3669%Insurance$2546%Management$60815%CapEx$1624%Maintenance$1624%Other$1,01425%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,055

Total Expenses

$6,137

Mortgage P&I

88%

$3,571

Property Taxes

9%

$366

Home Insurance

6%

$254

HOA

0%

$0

Property Management

15%

$608

CapEx

4%

$162

Vacancy

0%

$0

Maintenance

4%

$162

Other

25%

$1,014

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