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415 Theodore Dr, Monroe, MI 48162

3 beds • 2 baths • 1167 sqft

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This property looks like a bad Airbnb investment with a projected -4.58% first-year return on $63,990 initial cash invested.

-4.58%

Cash On Cash

5.49%

Cap Rate

0.88

DSCR

$2,516

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,516 income − $2,760 expenses = $244 out of pocket

Income$2,516Out of Pocket$244Mortgage P&I$1,14546%Property Taxes$33013%Insurance$773%Management$37715%CapEx$1014%Maintenance$1014%Other$62925%

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,516

Total Expenses

$2,760

Mortgage P&I

46%

$1,145

Property Taxes

13%

$330

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$629

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