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4849 Betterly Dr, Cheboygan, MI 49721

3 beds • 3 baths • 2704 sqft

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This property looks like a bad Airbnb investment with a projected -4.96% first-year return on $89,190 initial cash invested.

-4.96%

Cash On Cash

5.28%

Cap Rate

0.86

DSCR

$3,205

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,205 income − $3,574 expenses = $369 out of pocket

Income$3,205Out of Pocket$369Mortgage P&I$1,73254%Property Taxes$1856%Insurance$1194%Management$48115%CapEx$1284%Maintenance$1284%Other$80125%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,205

Total Expenses

$3,574

Mortgage P&I

54%

$1,732

Property Taxes

6%

$185

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$481

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$801

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