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800 Balfour St, Midland, MI 48640

3 beds • 2 baths • 1536 sqft

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This property might be a fair Airbnb investment with a projected 2.08% first-year return on $69,324 initial cash invested.

2.08%

Cash On Cash

7.95%

Cap Rate

1.2

DSCR

$3,746

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,746 income − $3,626 expenses = $120 cash flow

Income$3,746Mortgage P&I$1,35036%Property Taxes$39010%Insurance$882%Management$56215%CapEx$1504%Maintenance$1504%Other$93625%Cash Flow$120

Investment Breakdown

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Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,324

Downpayment

20%

$48,880

Closing costs

1%

$2,444

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,746

Total Expenses

$3,626

Mortgage P&I

36%

$1,350

Property Taxes

10%

$390

Home Insurance

2%

$88

HOA

0%

$0

Property Management

15%

$562

CapEx

4%

$150

Vacancy

0%

$0

Maintenance

4%

$150

Other

25%

$936

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