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8348 Hilltop Ct, Washington, MI 48095

3 beds • 4 baths • 2978 sqft

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This property looks like a bad Airbnb investment with a projected -16.31% first-year return on $113k initial cash invested.

-16.31%

Cash On Cash

2.28%

Cap Rate

0.37

DSCR

$2,405

Rent

-$1,529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,405 income − $3,934 expenses = $1,529 out of pocket

Income$2,405Out of Pocket$1,529Mortgage P&I$2,28995%Property Taxes$33314%Insurance$1587%Management$36115%CapEx$964%Maintenance$964%Other$60125%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,405

Total Expenses

$3,934

Mortgage P&I

95%

$2,289

Property Taxes

14%

$333

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$601

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