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32118 Cambridge St, Garden City, MI 48135

3 beds • 2 baths • 1284 sqft

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This property looks like a bad Airbnb investment with a projected -13.3% first-year return on $65,607 initial cash invested.

-13.3%

Cash On Cash

3.13%

Cap Rate

0.47

DSCR

$1,627

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,627 income − $2,354 expenses = $727 out of pocket

Income$1,627Out of Pocket$727Mortgage P&I$1,25377%Property Taxes$24015%Insurance$805%Management$24415%CapEx$654%Maintenance$654%Other$40725%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,607

Downpayment

20%

$45,340

Closing costs

1%

$2,267

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,627

Total Expenses

$2,354

Mortgage P&I

77%

$1,253

Property Taxes

15%

$240

Home Insurance

5%

$80

HOA

0%

$0

Property Management

15%

$244

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$407

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