REI Lense

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2995 Beaumont Dr, Highland, MI 48356

3 beds • 2 baths • 2033 sqft

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This property looks like a bad Airbnb investment with a projected -2.62% first-year return on $74,280 initial cash invested.

-2.62%

Cash On Cash

5.65%

Cap Rate

0.96

DSCR

$2,893

Rent

-$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,893

Total Expenses

$3,055

Mortgage P&I

45%

$1,308

Property Taxes

8%

$223

Home Insurance

4%

$108

HOA

1%

$27

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$723

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