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49 Melvin J Ct, Oxford, MI 48371

3 beds • 3 baths • 1653 sqft

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This property looks like a bad Airbnb investment with a projected -14.21% first-year return on $89,274 initial cash invested.

-14.21%

Cash On Cash

2.47%

Cap Rate

0.42

DSCR

$2,369

Rent

-$1,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,369 income − $3,426 expenses = $1,057 out of pocket

Income$2,369Out of Pocket$1,057Mortgage P&I$1,66170%Property Taxes$45519%Insurance$1637%HOA$10Management$35515%CapEx$954%Maintenance$954%Other$59225%

Investment Breakdown

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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

$2,369

Total Expenses

$3,426

Mortgage P&I

70%

$1,661

Property Taxes

19%

$455

Home Insurance

7%

$163

HOA

0%

$10

Property Management

15%

$355

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$592

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