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4289 W Erie Rd, Temperance, MI 48182

3 beds • 2 baths • 1562 sqft

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This property looks like a bad Airbnb investment with a projected -7.57% first-year return on $82,470 initial cash invested.

-7.57%

Cash On Cash

4.19%

Cap Rate

0.71

DSCR

$2,113

Rent

-$520

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $2,633 expenses = $520 out of pocket

Income$2,113Out of Pocket$520Mortgage P&I$1,50671%Property Taxes$4Insurance$1085%Management$31715%CapEx$854%Maintenance$854%Other$52825%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,113

Total Expenses

$2,633

Mortgage P&I

71%

$1,506

Property Taxes

0%

$4

Home Insurance

5%

$108

HOA

0%

$0

Property Management

15%

$317

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$528

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