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3071 School Lake Dr, Brighton, MI 48114

3 beds • 3 baths • 3595 sqft

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This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $213k initial cash invested.

-19.1%

Cash On Cash

1.67%

Cap Rate

0.29

DSCR

$4,082

Rent

-$3,391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$929k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$213k

Downpayment

20%

$186k

Closing costs

1%

$9,287

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,082

Total Expenses

$7,473

Mortgage P&I

111%

$4,517

Property Taxes

16%

$666

Home Insurance

8%

$332

HOA

0%

$0

Property Management

15%

$612

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,020

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