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790 Luna Ct, Lake Orion, MI 48362

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -4.59% first-year return on $79,425 initial cash invested.

-4.59%

Cash On Cash

5.13%

Cap Rate

0.87

DSCR

$3,083

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,083 income − $3,387 expenses = $304 out of pocket

Income$3,083Out of Pocket$304Mortgage P&I$1,43246%Property Taxes$37312%Insurance$1033%Management$46215%CapEx$1234%Maintenance$1234%Other$77125%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,425

Downpayment

20%

$58,500

Closing costs

1%

$2,925

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,083

Total Expenses

$3,387

Mortgage P&I

46%

$1,432

Property Taxes

12%

$373

Home Insurance

3%

$103

HOA

0%

$0

Property Management

15%

$462

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$771

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