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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 -14.31% first-year return on $56,850 initial cash invested.

-14.31%

Cash On Cash

2.13%

Cap Rate

0.34

DSCR

$984

Rent

-$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$984 income − $1,662 expenses = $678 out of pocket

Income$984Out of Pocket$678Mortgage P&I$96798%Property Taxes$15816%Insurance$657%Management$14815%CapEx$394%Maintenance$394%Other$24625%

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

$984

Total Expenses

$1,662

Mortgage P&I

98%

$967

Property Taxes

16%

$158

Home Insurance

7%

$65

HOA

0%

$0

Property Management

15%

$148

CapEx

4%

$39

Vacancy

0%

$0

Maintenance

4%

$39

Other

25%

$246

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