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58253 Cathey St, Washington, MI 48094

3 beds • 2 baths • 2346 sqft

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This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $91,500 initial cash invested.

-19.27%

Cash On Cash

1.08%

Cap Rate

0.18

DSCR

$1,084

Rent

-$1,469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,084 income − $2,553 expenses = $1,469 out of pocket

Income$1,084Out of Pocket$1,469Mortgage P&I$1,740161%Property Taxes$17116%Insurance$12211%Management$16315%CapEx$434%Maintenance$434%Other$27125%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,084

Total Expenses

$2,553

Mortgage P&I

161%

$1,740

Property Taxes

16%

$171

Home Insurance

11%

$122

HOA

0%

$0

Property Management

15%

$163

CapEx

4%

$43

Vacancy

0%

$0

Maintenance

4%

$43

Other

25%

$271

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