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52120 Kern Dr, Three Rivers, MI 49093

3 beds • 2 baths • 926 sqft

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This property looks like a bad Airbnb investment with a projected -6.48% first-year return on $79,215 initial cash invested.

-6.48%

Cash On Cash

4.76%

Cap Rate

0.78

DSCR

$2,588

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,588 income − $3,016 expenses = $428 out of pocket

Income$2,588Out of Pocket$428Mortgage P&I$1,48057%Property Taxes$1887%Insurance$1054%Management$38815%CapEx$1044%Maintenance$1044%Other$64725%

Investment Breakdown

|

Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,215

Downpayment

20%

$58,300

Closing costs

1%

$2,915

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,588

Total Expenses

$3,016

Mortgage P&I

57%

$1,480

Property Taxes

7%

$188

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$647

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