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8278 Mills St, Taylor, MI 48180

3 beds • 3 baths • 1069 sqft

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This property looks like a bad Airbnb investment with a projected -11.97% first-year return on $56,850 initial cash invested.

-11.97%

Cash On Cash

2.91%

Cap Rate

0.46

DSCR

$1,199

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,199 income − $1,766 expenses = $567 out of pocket

Income$1,199Out of Pocket$567Mortgage P&I$96781%Property Taxes$15813%Insurance$655%Management$18015%CapEx$484%Maintenance$484%Other$30025%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,850

Downpayment

20%

$37,000

Closing costs

1%

$1,850

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,199

Total Expenses

$1,766

Mortgage P&I

81%

$967

Property Taxes

13%

$158

Home Insurance

5%

$65

HOA

0%

$0

Property Management

15%

$180

CapEx

4%

$48

Vacancy

0%

$0

Maintenance

4%

$48

Other

25%

$300

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