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502 E Ashman St, Midland, MI 48642

3 beds • 2 baths • 1532 sqft

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This property might be a fair Airbnb investment with a projected 3.6% first-year return on $64,725 initial cash invested.

3.6%

Cash On Cash

8.18%

Cap Rate

1.27

DSCR

$3,240

Rent

$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,240 income − $3,046 expenses = $194 cash flow

Income$3,240Mortgage P&I$1,19237%Property Taxes$2287%Insurance$702%Management$48615%CapEx$1304%Maintenance$1304%Other$81025%Cash Flow$194

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,725

Downpayment

20%

$44,500

Closing costs

1%

$2,225

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,240

Total Expenses

$3,046

Mortgage P&I

37%

$1,192

Property Taxes

7%

$228

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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