REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3987 Michelle Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1646 sqft

Email

This property looks like a bad Airbnb investment with a projected -13.39% first-year return on $91,857 initial cash invested.

-13.39%

Cash On Cash

3.07%

Cap Rate

0.49

DSCR

$2,417

Rent

-$1,025

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,417 income − $3,442 expenses = $1,025 out of pocket

Income$2,417Out of Pocket$1,025Mortgage P&I$1,82776%Property Taxes$32714%Insurance$1275%Management$36315%CapEx$974%Maintenance$974%Other$60425%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,417

Total Expenses

$3,442

Mortgage P&I

76%

$1,827

Property Taxes

14%

$327

Home Insurance

5%

$127

HOA

0%

$0

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis