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4677 Chippewa Dr, Okemos, MI 48864

3 beds • 2 baths • 2634 sqft

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This property looks like a bad Airbnb investment with a projected -14.06% first-year return on $91,500 initial cash invested.

-14.06%

Cash On Cash

2.92%

Cap Rate

0.47

DSCR

$2,686

Rent

-$1,072

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,686 income − $3,758 expenses = $1,072 out of pocket

Income$2,686Out of Pocket$1,072Mortgage P&I$1,81768%Property Taxes$52620%Insurance$1225%HOA$4Management$40315%CapEx$1074%Maintenance$1074%Other$67225%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,686

Total Expenses

$3,758

Mortgage P&I

68%

$1,817

Property Taxes

20%

$526

Home Insurance

5%

$122

HOA

0%

$4

Property Management

15%

$403

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$672

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