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66927 Campground Rd, Washington, MI 48095

3 beds • 5 baths • 3038 sqft

$1,300,000

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This property looks like a bad Airbnb investment with a projected -17.62% first-year return on $291k initial cash invested.

-17.62%

Cash On Cash

2.66%

Cap Rate

0.42

DSCR

$7,346

Rent

-$4,272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,346 income − $11,618 expenses = $4,272 out of pocket

Income$7,346Out of Pocket$4,272Mortgage P&I$6,86193%Property Taxes$77611%Insurance$4556%Management$1,10215%CapEx$2944%Maintenance$2944%Other$1,83625%

Investment Breakdown

|

Purchase Price

$1300k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$291k

Downpayment

20%

$260k

Closing costs

1%

$13,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,346

Total Expenses

$11,618

Mortgage P&I

93%

$6,861

Property Taxes

11%

$776

Home Insurance

6%

$455

HOA

0%

$0

Property Management

15%

$1,102

CapEx

4%

$294

Vacancy

0%

$0

Maintenance

4%

$294

Other

25%

$1,836

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