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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 -17.24% first-year return on $163k initial cash invested.

-17.24%

Cash On Cash

2.3%

Cap Rate

0.38

DSCR

$3,819

Rent

-$2,340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,819 income − $6,159 expenses = $2,340 out of pocket

Income$3,819Out of Pocket$2,340Mortgage P&I$3,50892%Property Taxes$57515%Insurance$2426%Management$57315%CapEx$1534%Maintenance$1534%Other$95525%

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

$3,819

Total Expenses

$6,159

Mortgage P&I

92%

$3,508

Property Taxes

15%

$575

Home Insurance

6%

$242

HOA

0%

$0

Property Management

15%

$573

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$955

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