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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 -12.08% first-year return on $91,500 initial cash invested.

-12.08%

Cash On Cash

3.48%

Cap Rate

0.56

DSCR

$2,977

Rent

-$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,977 income − $3,898 expenses = $921 out of pocket

Income$2,977Out of Pocket$921Mortgage P&I$1,81761%Property Taxes$52618%Insurance$1224%HOA$4Management$44715%CapEx$1194%Maintenance$1194%Other$74425%

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

$2,977

Total Expenses

$3,898

Mortgage P&I

61%

$1,817

Property Taxes

18%

$526

Home Insurance

4%

$122

HOA

0%

$4

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$744

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