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6192 Wolverine Trl, Gaylord, MI 49735

3 beds • 2 baths • 3258 sqft

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This property looks like a bad Airbnb investment with a projected -4.49% first-year return on $94,629 initial cash invested.

-4.49%

Cash On Cash

5.13%

Cap Rate

0.88

DSCR

$3,327

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,327 income − $3,681 expenses = $354 out of pocket

Income$3,327Out of Pocket$354Mortgage P&I$1,78154%Property Taxes$1755%Insurance$1284%Management$49915%CapEx$1334%Maintenance$1334%Other$83225%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,629

Downpayment

20%

$72,980

Closing costs

1%

$3,649

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,327

Total Expenses

$3,681

Mortgage P&I

54%

$1,781

Property Taxes

5%

$175

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$499

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$832

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