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6564 Enchanted Dr, Ypsilanti, MI 48197

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Airbnb investment with a projected -18.06% first-year return on $91,647 initial cash invested.

-18.06%

Cash On Cash

1.52%

Cap Rate

0.25

DSCR

$1,852

Rent

-$1,379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,852 income − $3,231 expenses = $1,379 out of pocket

Income$1,852Out of Pocket$1,379Mortgage P&I$1,75094%Property Taxes$44924%Insurance$1267%HOA$171%Management$27815%CapEx$744%Maintenance$744%Other$46325%

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,647

Downpayment

20%

$70,140

Closing costs

1%

$3,507

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,852

Total Expenses

$3,231

Mortgage P&I

94%

$1,750

Property Taxes

24%

$449

Home Insurance

7%

$126

HOA

1%

$17

Property Management

15%

$278

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$463

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