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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 -10.66% first-year return on $89,274 initial cash invested.

-10.66%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$2,876

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,876

Total Expenses

$3,669

Mortgage P&I

58%

$1,661

Property Taxes

16%

$455

Home Insurance

6%

$163

HOA

0%

$10

Property Management

15%

$431

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$719

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