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316 Tamarac Dr, Davison, MI 48423

3 beds • 2 baths • 1055 sqft

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This property looks like a bad Airbnb investment with a projected -9.79% first-year return on $65,943 initial cash invested.

-9.79%

Cash On Cash

4.08%

Cap Rate

0.63

DSCR

$2,218

Rent

-$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,218 income − $2,756 expenses = $538 out of pocket

Income$2,218Out of Pocket$538Mortgage P&I$1,22655%Property Taxes$38517%Insurance$804%Management$33315%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,943

Downpayment

20%

$45,660

Closing costs

1%

$2,283

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,218

Total Expenses

$2,756

Mortgage P&I

55%

$1,226

Property Taxes

17%

$385

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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