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31738 Pierce St, Garden City, MI 48135

3 beds • 3 baths • 1790 sqft

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This property looks like a bad Airbnb investment with a projected -24.03% first-year return on $90,072 initial cash invested.

-24.03%

Cash On Cash

0.55%

Cap Rate

0.08

DSCR

$1,754

Rent

-$1,804

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,754 income − $3,558 expenses = $1,804 out of pocket

Income$1,754Out of Pocket$1,804Mortgage P&I$1,891108%Property Taxes$70540%Insurance$1217%Management$26315%CapEx$704%Maintenance$704%Other$43825%

Investment Breakdown

|

Purchase Price

$343k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,072

Downpayment

20%

$68,640

Closing costs

1%

$3,432

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,754

Total Expenses

$3,558

Mortgage P&I

108%

$1,891

Property Taxes

40%

$705

Home Insurance

7%

$121

HOA

0%

$0

Property Management

15%

$263

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$438

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