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300 Barbara St, Cadillac, MI 49601

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Airbnb investment with a projected -1.63% first-year return on $105k initial cash invested.

-1.63%

Cash On Cash

6.01%

Cap Rate

1.02

DSCR

$4,382

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,382 income − $4,525 expenses = $143 out of pocket

Income$4,382Out of Pocket$143Mortgage P&I$2,04547%Property Taxes$2325%Insurance$1453%Management$65715%CapEx$1754%Maintenance$1754%Other$1,09625%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,382

Total Expenses

$4,525

Mortgage P&I

47%

$2,045

Property Taxes

5%

$232

Home Insurance

3%

$145

HOA

0%

$0

Property Management

15%

$657

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,096

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