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8364 Atlanta Dr NE, Rockford, MI 49341

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -14.85% first-year return on $90,891 initial cash invested.

-14.85%

Cash On Cash

2.49%

Cap Rate

0.41

DSCR

$1,820

Rent

-$1,125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,820 income − $2,945 expenses = $1,125 out of pocket

Income$1,820Out of Pocket$1,125Mortgage P&I$1,77297%Property Taxes$17510%Insurance$1247%Management$27315%CapEx$734%Maintenance$734%Other$45525%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,891

Downpayment

20%

$69,420

Closing costs

1%

$3,471

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,820

Total Expenses

$2,945

Mortgage P&I

97%

$1,772

Property Taxes

10%

$175

Home Insurance

7%

$124

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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