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285 Delta Rd, Freeland, MI 48623

3 beds • 2 baths • 2338 sqft

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This property looks like a bad Airbnb investment with a projected -7.94% first-year return on $91,290 initial cash invested.

-7.94%

Cash On Cash

4.17%

Cap Rate

0.71

DSCR

$2,795

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,795

Total Expenses

$3,399

Mortgage P&I

61%

$1,706

Property Taxes

8%

$229

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$699

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