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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 -9.71% first-year return on $121k initial cash invested.

-9.71%

Cash On Cash

4.09%

Cap Rate

0.67

DSCR

$4,122

Rent

-$983

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$4,122

Total Expenses

$5,105

Mortgage P&I

61%

$2,498

Property Taxes

11%

$454

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$618

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,030

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