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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 -18.05% first-year return on $91,500 initial cash invested.

-18.05%

Cash On Cash

1.42%

Cap Rate

0.24

DSCR

$1,265

Rent

-$1,376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,265 income − $2,641 expenses = $1,376 out of pocket

Income$1,265Out of Pocket$1,376Mortgage P&I$1,740138%Property Taxes$17114%Insurance$12210%Management$19015%CapEx$514%Maintenance$514%Other$31625%

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

$1,265

Total Expenses

$2,641

Mortgage P&I

138%

$1,740

Property Taxes

14%

$171

Home Insurance

10%

$122

HOA

0%

$0

Property Management

15%

$190

CapEx

4%

$51

Vacancy

0%

$0

Maintenance

4%

$51

Other

25%

$316

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