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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 -3.89% first-year return on $73,650 initial cash invested.

-3.89%

Cash On Cash

5.67%

Cap Rate

0.91

DSCR

$2,890

Rent

-$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,890 income − $3,129 expenses = $239 out of pocket

Income$2,890Out of Pocket$239Mortgage P&I$1,37648%Property Taxes$2729%Insurance$933%Management$43415%CapEx$1164%Maintenance$1164%Other$72225%

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

$2,890

Total Expenses

$3,129

Mortgage P&I

48%

$1,376

Property Taxes

9%

$272

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$722

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