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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 -12.27% first-year return on $170k initial cash invested.

-12.27%

Cash On Cash

3.34%

Cap Rate

0.57

DSCR

$4,709

Rent

-$1,741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,709 income − $6,450 expenses = $1,741 out of pocket

Income$4,709Out of Pocket$1,741Mortgage P&I$3,57176%Property Taxes$3668%Insurance$2545%Management$70615%CapEx$1884%Maintenance$1884%Other$1,17725%

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

$4,709

Total Expenses

$6,450

Mortgage P&I

76%

$3,571

Property Taxes

8%

$366

Home Insurance

5%

$254

HOA

0%

$0

Property Management

15%

$706

CapEx

4%

$188

Vacancy

0%

$0

Maintenance

4%

$188

Other

25%

$1,177

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