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37953 Elmite St, Harrison Township, MI 48045

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Airbnb investment with a projected -11.03% first-year return on $99,879 initial cash invested.

-11.03%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$2,829

Rent

-$918

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,829 income − $3,747 expenses = $918 out of pocket

Income$2,829Out of Pocket$918Mortgage P&I$1,93969%Property Taxes$31511%Insurance$1365%Management$42415%CapEx$1134%Maintenance$1134%Other$70725%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,829

Total Expenses

$3,747

Mortgage P&I

69%

$1,939

Property Taxes

11%

$315

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$707

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