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647 Washington St, Temperance, MI 48182

3 beds • 2 baths • 1961 sqft

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This property looks like a bad Airbnb investment with a projected -1.68% first-year return on $59,979 initial cash invested.

-1.68%

Cash On Cash

6.35%

Cap Rate

1.01

DSCR

$2,376

Rent

-$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,376

Total Expenses

$2,460

Mortgage P&I

44%

$1,046

Property Taxes

9%

$204

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$356

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$594

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