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257 Thelma Dr, Battle Creek, MI 49014

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Airbnb investment with a projected -10.54% first-year return on $66,279 initial cash invested.

-10.54%

Cash On Cash

3.8%

Cap Rate

0.59

DSCR

$2,037

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,037 income − $2,619 expenses = $582 out of pocket

Income$2,037Out of Pocket$582Mortgage P&I$1,22960%Property Taxes$33316%Insurance$804%Management$30615%CapEx$814%Maintenance$814%Other$50925%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,037

Total Expenses

$2,619

Mortgage P&I

60%

$1,229

Property Taxes

16%

$333

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$306

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$509

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