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6235 S 12th St, Portage, MI 49024

3 beds • 2 baths • 2031 sqft

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This property looks like a bad Airbnb investment with a projected -8.97% first-year return on $80,958 initial cash invested.

-8.97%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$2,248

Rent

-$605

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $2,853 expenses = $605 out of pocket

Income$2,248Out of Pocket$605Mortgage P&I$1,49867%Property Taxes$1687%Insurance$1085%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,958

Downpayment

20%

$59,960

Closing costs

1%

$2,998

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,248

Total Expenses

$2,853

Mortgage P&I

67%

$1,498

Property Taxes

7%

$168

Home Insurance

5%

$108

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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