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3807 River Dr, Lincoln Park, MI 48146

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Airbnb investment with a projected -12.25% first-year return on $75,330 initial cash invested.

-12.25%

Cash On Cash

3.67%

Cap Rate

0.55

DSCR

$2,253

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $3,022 expenses = $769 out of pocket

Income$2,253Out of Pocket$769Mortgage P&I$1,51367%Property Taxes$32614%Insurance$1025%Management$33815%CapEx$904%Maintenance$904%Other$56325%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,330

Downpayment

20%

$54,600

Closing costs

1%

$2,730

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,253

Total Expenses

$3,022

Mortgage P&I

67%

$1,513

Property Taxes

14%

$326

Home Insurance

5%

$102

HOA

0%

$0

Property Management

15%

$338

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$563

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