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5429 Harvest Ct, Bay City, MI 48706

3 beds • 2 baths • 1422 sqft

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This property looks like a bad Airbnb investment with a projected -7.57% first-year return on $66,258 initial cash invested.

-7.57%

Cash On Cash

4.91%

Cap Rate

0.74

DSCR

$2,236

Rent

-$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $2,654 expenses = $418 out of pocket

Income$2,236Out of Pocket$418Mortgage P&I$1,27057%Property Taxes$23511%Insurance$773%Management$33515%CapEx$894%Maintenance$894%Other$55925%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,258

Downpayment

20%

$45,960

Closing costs

1%

$2,298

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,236

Total Expenses

$2,654

Mortgage P&I

57%

$1,270

Property Taxes

11%

$235

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$559

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