REI Lense

REI Lense

Unlock all features! Tap here to upgrade

49 Melvin J Ct, Oxford, MI 48371

3 beds • 3 baths • 1653 sqft

Email

This property looks like a bad Airbnb investment with a projected -13.56% first-year return on $89,274 initial cash invested.

-13.56%

Cash On Cash

2.66%

Cap Rate

0.45

DSCR

$2,464

Rent

-$1,009

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,464 income − $3,473 expenses = $1,009 out of pocket

Income$2,464Out of Pocket$1,009Mortgage P&I$1,66167%Property Taxes$45518%Insurance$1637%HOA$10Management$37015%CapEx$994%Maintenance$994%Other$61625%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,464

Total Expenses

$3,473

Mortgage P&I

67%

$1,661

Property Taxes

18%

$455

Home Insurance

7%

$163

HOA

0%

$10

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$616

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis