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6361 Fenton Rd, Flint, MI 48507

3 beds • 2 baths • 1634 sqft

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This property looks like a bad Airbnb investment with a projected -15.46% first-year return on $69,954 initial cash invested.

-15.46%

Cash On Cash

2.48%

Cap Rate

0.38

DSCR

$1,640

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,640 income − $2,541 expenses = $901 out of pocket

Income$1,640Out of Pocket$901Mortgage P&I$1,34782%Property Taxes$31819%Insurance$885%Management$24615%CapEx$664%Maintenance$664%Other$41025%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,954

Downpayment

20%

$49,480

Closing costs

1%

$2,474

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,640

Total Expenses

$2,541

Mortgage P&I

82%

$1,347

Property Taxes

19%

$318

Home Insurance

5%

$88

HOA

0%

$0

Property Management

15%

$246

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$410

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