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3079 Island Hills Dr, Dexter, MI 48130

3 beds • 4 baths • 3619 sqft

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This property looks like a bad Airbnb investment with a projected -16.42% first-year return on $156k initial cash invested.

-16.42%

Cash On Cash

2.52%

Cap Rate

0.41

DSCR

$4,066

Rent

-$2,135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,066 income − $6,201 expenses = $2,135 out of pocket

Income$4,066Out of Pocket$2,135Mortgage P&I$3,35482%Property Taxes$69917%Insurance$1965%Management$61015%CapEx$1634%Maintenance$1634%Other$1,01625%

Investment Breakdown

|

Purchase Price

$657k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$131k

Closing costs

1%

$6,572

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,066

Total Expenses

$6,201

Mortgage P&I

82%

$3,354

Property Taxes

17%

$699

Home Insurance

5%

$196

HOA

0%

$0

Property Management

15%

$610

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,016

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