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4180 Shoals Dr, Okemos, MI 48864

3 beds • 3 baths • 3380 sqft

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This property looks like a bad Airbnb investment with a projected -13.11% first-year return on $119k initial cash invested.

-13.11%

Cash On Cash

3.04%

Cap Rate

0.51

DSCR

$3,523

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,523 income − $4,821 expenses = $1,298 out of pocket

Income$3,523Out of Pocket$1,298Mortgage P&I$2,37367%Property Taxes$58917%Insurance$1685%Management$52815%CapEx$1414%Maintenance$1414%Other$88125%

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,000

Closing costs

1%

$4,800

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,523

Total Expenses

$4,821

Mortgage P&I

67%

$2,373

Property Taxes

17%

$589

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$881

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