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3137 Midland Rd, Saginaw, MI 48603

3 beds • 4 baths • 3434 sqft

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This property looks like a bad Airbnb investment with a projected -13.48% first-year return on $140k initial cash invested.

-13.48%

Cash On Cash

3.1%

Cap Rate

0.52

DSCR

$4,305

Rent

-$1,576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,305 income − $5,881 expenses = $1,576 out of pocket

Income$4,305Out of Pocket$1,576Mortgage P&I$2,90768%Property Taxes$69416%Insurance$2145%Management$64615%CapEx$1724%Maintenance$1724%Other$1,07625%

Investment Breakdown

|

Purchase Price

$583k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$117k

Closing costs

1%

$5,825

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,305

Total Expenses

$5,881

Mortgage P&I

68%

$2,907

Property Taxes

16%

$694

Home Insurance

5%

$214

HOA

0%

$0

Property Management

15%

$646

CapEx

4%

$172

Vacancy

0%

$0

Maintenance

4%

$172

Other

25%

$1,076

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