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5732 McCue Rd, Holt, MI 48842

3 beds • 3 baths • 2022 sqft

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This property looks like a bad Airbnb investment with a projected -16% first-year return on $139k initial cash invested.

-16%

Cash On Cash

2.56%

Cap Rate

0.42

DSCR

$3,816

Rent

-$1,850

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,816 income − $5,666 expenses = $1,850 out of pocket

Income$3,816Out of Pocket$1,850Mortgage P&I$2,92477%Property Taxes$70919%Insurance$2015%Management$57215%CapEx$1534%Maintenance$1534%Other$95425%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,749

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,816

Total Expenses

$5,666

Mortgage P&I

77%

$2,924

Property Taxes

19%

$709

Home Insurance

5%

$201

HOA

0%

$0

Property Management

15%

$572

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$954

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