REI Lense

REI Lense

Unlock all features! Tap here to upgrade

7124 Elmwood Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 3208 sqft

Email

This property looks like a bad Airbnb investment with a projected -12.43% first-year return on $92,508 initial cash invested.

-12.43%

Cash On Cash

3.02%

Cap Rate

0.51

DSCR

$2,532

Rent

-$958

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $3,490 expenses = $958 out of pocket

Income$2,532Out of Pocket$958Mortgage P&I$1,74969%Property Taxes$40016%Insurance$1265%Management$38015%CapEx$1014%Maintenance$1014%Other$63325%

Investment Breakdown

|

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

$2,532

Total Expenses

$3,490

Mortgage P&I

69%

$1,749

Property Taxes

16%

$400

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis