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3426 Kingsway Dr, Highland, MI 48356

3 beds • 3 baths • 2552 sqft

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This property looks like a bad Airbnb investment with a projected -19.69% first-year return on $181k initial cash invested.

-19.69%

Cash On Cash

1.43%

Cap Rate

0.25

DSCR

$3,264

Rent

-$2,977

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$778k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$181k

Downpayment

20%

$156k

Closing costs

1%

$7,781

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,264

Total Expenses

$6,241

Mortgage P&I

116%

$3,775

Property Taxes

18%

$600

Home Insurance

9%

$298

HOA

0%

$0

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$816

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