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29599 Balmoral St, Garden City, MI 48135

3 beds • 2 baths • 2248 sqft

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This property looks like a bad Airbnb investment with a projected -14.49% first-year return on $70,227 initial cash invested.

-14.49%

Cash On Cash

2.73%

Cap Rate

0.42

DSCR

$1,920

Rent

-$848

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $2,768 expenses = $848 out of pocket

Income$1,920Out of Pocket$848Mortgage P&I$1,33770%Property Taxes$42922%Insurance$804%Management$28815%CapEx$774%Maintenance$774%Other$48025%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,227

Downpayment

20%

$49,740

Closing costs

1%

$2,487

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,920

Total Expenses

$2,768

Mortgage P&I

70%

$1,337

Property Taxes

22%

$429

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$480

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