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7486 Michigan Rd, Bay City, MI 48706

3 beds • 4 baths • 3500 sqft

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This property looks like a bad Airbnb investment with a projected -25.76% first-year return on $158k initial cash invested.

-25.76%

Cash On Cash

0.08%

Cap Rate

0.01

DSCR

$1,489

Rent

-$3,402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,489 income − $4,891 expenses = $3,402 out of pocket

Income$1,489Out of Pocket$3,402Mortgage P&I$3,386227%Property Taxes$55637%Insurance$23416%Management$22315%CapEx$604%Maintenance$604%Other$37225%

Investment Breakdown

|

Purchase Price

$669k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$134k

Closing costs

1%

$6,689

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,489

Total Expenses

$4,891

Mortgage P&I

227%

$3,386

Property Taxes

37%

$556

Home Insurance

16%

$234

HOA

0%

$0

Property Management

15%

$223

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$372

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