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624 E Salzburg Rd, Bay City, MI 48706

3 beds • 2 baths • 1846 sqft

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This property looks like a bad Airbnb investment with a projected -10.44% first-year return on $82,050 initial cash invested.

-10.44%

Cash On Cash

3.68%

Cap Rate

0.6

DSCR

$2,294

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $3,008 expenses = $714 out of pocket

Income$2,294Out of Pocket$714Mortgage P&I$1,55768%Property Taxes$24211%Insurance$1075%Management$34415%CapEx$924%Maintenance$924%Other$57425%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,294

Total Expenses

$3,008

Mortgage P&I

68%

$1,557

Property Taxes

11%

$242

Home Insurance

5%

$107

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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