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39001 Chartier St, Harrison Township, MI 48045

3 beds • 3 baths • 2540 sqft

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This property looks like a bad Airbnb investment with a projected -11.23% first-year return on $110k initial cash invested.

-11.23%

Cash On Cash

3.39%

Cap Rate

0.58

DSCR

$3,237

Rent

-$1,033

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,237 income − $4,270 expenses = $1,033 out of pocket

Income$3,237Out of Pocket$1,033Mortgage P&I$2,14766%Property Taxes$41613%Insurance$1545%Management$48615%CapEx$1294%Maintenance$1294%Other$80925%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,237

Total Expenses

$4,270

Mortgage P&I

66%

$2,147

Property Taxes

13%

$416

Home Insurance

5%

$154

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$809

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