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3161 Eastgate St, Burton, MI 48519

3 beds • 2 baths • 2090 sqft

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This property looks like a bad Airbnb investment with a projected -4.26% first-year return on $69,513 initial cash invested.

-4.26%

Cash On Cash

5.1%

Cap Rate

0.88

DSCR

$2,673

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,513

Downpayment

20%

$49,060

Closing costs

1%

$2,453

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,673

Total Expenses

$2,920

Mortgage P&I

44%

$1,182

Property Taxes

14%

$363

Home Insurance

3%

$92

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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