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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 -17.39% first-year return on $113k initial cash invested.

-17.39%

Cash On Cash

1.99%

Cap Rate

0.33

DSCR

$2,209

Rent

-$1,630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,209 income − $3,839 expenses = $1,630 out of pocket

Income$2,209Out of Pocket$1,630Mortgage P&I$2,289104%Property Taxes$33315%Insurance$1587%Management$33115%CapEx$884%Maintenance$884%Other$55225%

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

$2,209

Total Expenses

$3,839

Mortgage P&I

104%

$2,289

Property Taxes

15%

$333

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$331

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$552

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