REI Lense

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712 Layman Creek Cir, Grand Blanc, MI 48439

3 beds • 4 baths • 2925 sqft

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This property looks like a bad Airbnb investment with a projected -10.46% first-year return on $91,458 initial cash invested.

-10.46%

Cash On Cash

3.53%

Cap Rate

0.6

DSCR

$2,720

Rent

-$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,458

Downpayment

20%

$69,960

Closing costs

1%

$3,498

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$3,517

Mortgage P&I

63%

$1,716

Property Taxes

14%

$373

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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