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6160 Myers Lake Ave NE, Rockford, MI 49341

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Airbnb investment with a projected -20.44% first-year return on $163k initial cash invested.

-20.44%

Cash On Cash

1.48%

Cap Rate

0.24

DSCR

$2,980

Rent

-$2,775

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $5,755 expenses = $2,775 out of pocket

Income$2,980Out of Pocket$2,775Mortgage P&I$3,508118%Property Taxes$57519%Insurance$2428%Management$44715%CapEx$1194%Maintenance$1194%Other$74525%

Investment Breakdown

|

Purchase Price

$690k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,899

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,980

Total Expenses

$5,755

Mortgage P&I

118%

$3,508

Property Taxes

19%

$575

Home Insurance

8%

$242

HOA

0%

$0

Property Management

15%

$447

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$745

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