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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 -10.6% first-year return on $109k initial cash invested.

-10.6%

Cash On Cash

3.61%

Cap Rate

0.61

DSCR

$3,173

Rent

-$960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,173 income − $4,133 expenses = $960 out of pocket

Income$3,173Out of Pocket$960Mortgage P&I$2,13267%Property Taxes$2949%Insurance$1846%Management$47615%CapEx$1274%Maintenance$1274%Other$79325%

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

$3,173

Total Expenses

$4,133

Mortgage P&I

67%

$2,132

Property Taxes

9%

$294

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$476

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$793

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