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444 W Westlane Dr, Lake City, MI 49651

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Airbnb investment with a projected -18.79% first-year return on $80,979 initial cash invested.

-18.79%

Cash On Cash

1.1%

Cap Rate

0.18

DSCR

$882

Rent

-$1,268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$882 income − $2,150 expenses = $1,268 out of pocket

Income$882Out of Pocket$1,268Mortgage P&I$1,507171%Property Taxes$11613%Insurance$10512%Management$13215%CapEx$354%Maintenance$354%Other$22025%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$882

Total Expenses

$2,150

Mortgage P&I

171%

$1,507

Property Taxes

13%

$116

Home Insurance

12%

$105

HOA

0%

$0

Property Management

15%

$132

CapEx

4%

$35

Vacancy

0%

$0

Maintenance

4%

$35

Other

25%

$220

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