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3155 Sandy Dr SW, Wyoming, MI 49418

3 beds • 3 baths • 2694 sqft

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This property looks like a bad Airbnb investment with a projected -6.63% first-year return on $121k initial cash invested.

-6.63%

Cash On Cash

4.91%

Cap Rate

0.81

DSCR

$4,723

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,723 income − $5,394 expenses = $671 out of pocket

Income$4,723Out of Pocket$671Mortgage P&I$2,49853%Property Taxes$45410%Insurance$1754%Management$70815%CapEx$1894%Maintenance$1894%Other$1,18125%

Investment Breakdown

|

Purchase Price

$493k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,560

Closing costs

1%

$4,928

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,723

Total Expenses

$5,394

Mortgage P&I

53%

$2,498

Property Taxes

10%

$454

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$708

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,181

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