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4719 Morningside Dr, Bay City, MI 48706

3 beds • 3 baths • 1873 sqft

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This property looks like a bad Airbnb investment with a projected -10.33% first-year return on $76,338 initial cash invested.

-10.33%

Cash On Cash

3.68%

Cap Rate

0.6

DSCR

$2,251

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,251 income − $2,908 expenses = $657 out of pocket

Income$2,251Out of Pocket$657Mortgage P&I$1,41863%Property Taxes$30714%Insurance$1025%Management$33815%CapEx$904%Maintenance$904%Other$56325%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,338

Downpayment

20%

$55,560

Closing costs

1%

$2,778

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,251

Total Expenses

$2,908

Mortgage P&I

63%

$1,418

Property Taxes

14%

$307

Home Insurance

5%

$102

HOA

0%

$0

Property Management

15%

$338

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$563

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