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300 N Mill St, Clio, MI 48420

3 beds • 3 baths • 1532 sqft

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This property looks like a bad Airbnb investment with a projected -2.75% first-year return on $73,650 initial cash invested.

-2.75%

Cash On Cash

6.01%

Cap Rate

0.97

DSCR

$3,024

Rent

-$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $3,193 expenses = $169 out of pocket

Income$3,024Out of Pocket$169Mortgage P&I$1,37646%Property Taxes$2729%Insurance$933%Management$45415%CapEx$1214%Maintenance$1214%Other$75625%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,024

Total Expenses

$3,193

Mortgage P&I

46%

$1,376

Property Taxes

9%

$272

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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