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4480 Millington Rd, Millington, MI 48746

3 beds • 2 baths • 2350 sqft

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This property looks like a bad Airbnb investment with a projected -1.26% first-year return on $80,790 initial cash invested.

-1.26%

Cash On Cash

6.16%

Cap Rate

1.03

DSCR

$3,169

Rent

-$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,169

Total Expenses

$3,254

Mortgage P&I

47%

$1,494

Property Taxes

4%

$134

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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