REI Lense

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4312 W Cherry Creek Rd, Lewiston, MI 49756

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -11.55% first-year return on $112k initial cash invested.

-11.55%

Cash On Cash

3.3%

Cap Rate

0.56

DSCR

$3,020

Rent

-$1,076

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$446k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,280

Closing costs

1%

$4,464

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,020

Total Expenses

$4,096

Mortgage P&I

72%

$2,181

Property Taxes

10%

$302

Home Insurance

5%

$163

HOA

0%

$0

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$755

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