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8468 E Lippincott Blvd, Davison, MI 48423

3 beds • 2 baths • 2510 sqft

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This property looks like a bad Airbnb investment with a projected -2.75% first-year return on $76,422 initial cash invested.

-2.75%

Cash On Cash

5.85%

Cap Rate

0.97

DSCR

$3,178

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,178 income − $3,353 expenses = $175 out of pocket

Income$3,178Out of Pocket$175Mortgage P&I$1,40444%Property Taxes$32610%Insurance$983%Management$47715%CapEx$1274%Maintenance$1274%Other$79425%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,178

Total Expenses

$3,353

Mortgage P&I

44%

$1,404

Property Taxes

10%

$326

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$477

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$794

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