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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 -21.15% first-year return on $181k initial cash invested.

-21.15%

Cash On Cash

1.07%

Cap Rate

0.18

DSCR

$2,836

Rent

-$3,197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $6,033 expenses = $3,197 out of pocket

Income$2,836Out of Pocket$3,197Mortgage P&I$3,775133%Property Taxes$60021%Insurance$29811%Management$42515%CapEx$1134%Maintenance$1134%Other$70925%

Investment Breakdown

|

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

$2,836

Total Expenses

$6,033

Mortgage P&I

133%

$3,775

Property Taxes

21%

$600

Home Insurance

11%

$298

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$709

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