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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 -14.86% first-year return on $69,954 initial cash invested.

-14.86%

Cash On Cash

2.66%

Cap Rate

0.41

DSCR

$1,705

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,705 income − $2,571 expenses = $866 out of pocket

Income$1,705Out of Pocket$866Mortgage P&I$1,34779%Property Taxes$31819%Insurance$885%Management$25615%CapEx$684%Maintenance$684%Other$42625%

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

$1,705

Total Expenses

$2,571

Mortgage P&I

79%

$1,347

Property Taxes

19%

$318

Home Insurance

5%

$88

HOA

0%

$0

Property Management

15%

$256

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$426

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