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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 -17.39% first-year return on $291k initial cash invested.

-17.39%

Cash On Cash

2.72%

Cap Rate

0.43

DSCR

$7,453

Rent

-$4,216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,453 income − $11,669 expenses = $4,216 out of pocket

Income$7,453Out of Pocket$4,216Mortgage P&I$6,86192%Property Taxes$77610%Insurance$4556%Management$1,11815%CapEx$2984%Maintenance$2984%Other$1,86325%

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

$7,453

Total Expenses

$11,669

Mortgage P&I

92%

$6,861

Property Taxes

10%

$776

Home Insurance

6%

$455

HOA

0%

$0

Property Management

15%

$1,118

CapEx

4%

$298

Vacancy

0%

$0

Maintenance

4%

$298

Other

25%

$1,863

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