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3686 E Lake Dr, Metamora, MI 48455

3 beds • 5 baths • 3828 sqft

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This property looks like a bad Airbnb investment with a projected -10.66% first-year return on $147k initial cash invested.

-10.66%

Cash On Cash

3.95%

Cap Rate

0.65

DSCR

$5,080

Rent

-$1,306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,080 income − $6,386 expenses = $1,306 out of pocket

Income$5,080Out of Pocket$1,306Mortgage P&I$3,12361%Property Taxes$57711%Insurance$2455%HOA$3Management$76215%CapEx$2034%Maintenance$2034%Other$1,27025%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,141

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,080

Total Expenses

$6,386

Mortgage P&I

61%

$3,123

Property Taxes

11%

$577

Home Insurance

5%

$245

HOA

0%

$3

Property Management

15%

$762

CapEx

4%

$203

Vacancy

0%

$0

Maintenance

4%

$203

Other

25%

$1,270

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