REI Lense

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7124 Elmwood Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 3208 sqft

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This property looks like a bad Airbnb investment with a projected -12.73% first-year return on $92,508 initial cash invested.

-12.73%

Cash On Cash

2.94%

Cap Rate

0.5

DSCR

$2,489

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,508

Downpayment

20%

$70,960

Closing costs

1%

$3,548

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,489

Total Expenses

$3,470

Mortgage P&I

70%

$1,749

Property Taxes

16%

$400

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$373

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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