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2588 E Jones Rd, Howell, MI 48855

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $109k initial cash invested.

-10.32%

Cash On Cash

3.68%

Cap Rate

0.62

DSCR

$3,221

Rent

-$935

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,221 income − $4,156 expenses = $935 out of pocket

Income$3,221Out of Pocket$935Mortgage P&I$2,13266%Property Taxes$2949%Insurance$1846%Management$48315%CapEx$1294%Maintenance$1294%Other$80525%

Investment Breakdown

|

Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,400

Closing costs

1%

$4,320

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,221

Total Expenses

$4,156

Mortgage P&I

66%

$2,132

Property Taxes

9%

$294

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$805

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