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6797 Lakewood Dr, Oscoda, MI 48750

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Airbnb investment with a projected -9.74% first-year return on $88,980 initial cash invested.

-9.74%

Cash On Cash

4.05%

Cap Rate

0.65

DSCR

$2,679

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,679 income − $3,401 expenses = $722 out of pocket

Income$2,679Out of Pocket$722Mortgage P&I$1,75566%Property Taxes$2389%Insurance$1225%Management$40215%CapEx$1074%Maintenance$1074%Other$67025%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,679

Total Expenses

$3,401

Mortgage P&I

66%

$1,755

Property Taxes

9%

$238

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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