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2915 Lee Marie Dr, Adrian, MI 49221

3 beds • 3 baths • 2994 sqft

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This property looks like a bad Airbnb investment with a projected -15.24% first-year return on $98,136 initial cash invested.

-15.24%

Cash On Cash

2.55%

Cap Rate

0.41

DSCR

$2,156

Rent

-$1,246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,156 income − $3,402 expenses = $1,246 out of pocket

Income$2,156Out of Pocket$1,246Mortgage P&I$1,97291%Property Taxes$26012%Insurance$1366%Management$32315%CapEx$864%Maintenance$864%Other$53925%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,136

Downpayment

20%

$76,320

Closing costs

1%

$3,816

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,156

Total Expenses

$3,402

Mortgage P&I

91%

$1,972

Property Taxes

12%

$260

Home Insurance

6%

$136

HOA

0%

$0

Property Management

15%

$323

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$539

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