REI Lense

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348 Meadowlake Rd, Canton, MI 48188

3 beds • 2 baths • 2271 sqft

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This property looks like a bad Airbnb investment with a projected -3.19% first-year return on $82,365 initial cash invested.

-3.19%

Cash On Cash

5.58%

Cap Rate

0.94

DSCR

$3,323

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,365

Downpayment

20%

$61,300

Closing costs

1%

$3,065

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,323

Total Expenses

$3,542

Mortgage P&I

45%

$1,511

Property Taxes

9%

$306

Home Insurance

4%

$122

HOA

0%

$8

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$831

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