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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 -4.54% first-year return on $59,979 initial cash invested.

-4.54%

Cash On Cash

5.42%

Cap Rate

0.86

DSCR

$2,102

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,102 income − $2,329 expenses = $227 out of pocket

Income$2,102Out of Pocket$227Mortgage P&I$1,04650%Property Taxes$20410%Insurance$703%Management$31515%CapEx$844%Maintenance$844%Other$52625%

Investment Breakdown

|

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

$2,102

Total Expenses

$2,329

Mortgage P&I

50%

$1,046

Property Taxes

10%

$204

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$315

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$526

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