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5188 Merit Dr, Flint, MI 48506

3 beds • 2 baths • 1684 sqft

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This property might be a fair Airbnb investment with a projected 7.06% first-year return on $55,779 initial cash invested.

7.06%

Cash On Cash

9.33%

Cap Rate

1.46

DSCR

$2,896

Rent

$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $2,568 expenses = $328 cash flow

Income$2,896Mortgage P&I$95533%Property Taxes$1606%Insurance$632%Management$43415%CapEx$1164%Maintenance$1164%Other$72425%Cash Flow$328

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$2,568

Mortgage P&I

33%

$955

Property Taxes

6%

$160

Home Insurance

2%

$63

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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