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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 -17.3% first-year return on $156k initial cash invested.

-17.3%

Cash On Cash

2.3%

Cap Rate

0.38

DSCR

$3,847

Rent

-$2,249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,847 income − $6,096 expenses = $2,249 out of pocket

Income$3,847Out of Pocket$2,249Mortgage P&I$3,35487%Property Taxes$69918%Insurance$1965%Management$57715%CapEx$1544%Maintenance$1544%Other$96225%

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

$3,847

Total Expenses

$6,096

Mortgage P&I

87%

$3,354

Property Taxes

18%

$699

Home Insurance

5%

$196

HOA

0%

$0

Property Management

15%

$577

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$962

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