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865 N Lapeer Rd, Lake Orion, MI 48362

3 beds • 3 baths • 2793 sqft

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This property looks like a bad Airbnb investment with a projected -7.32% first-year return on $102k initial cash invested.

-7.32%

Cash On Cash

4.43%

Cap Rate

0.75

DSCR

$3,391

Rent

-$622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,391

Total Expenses

$4,013

Mortgage P&I

58%

$1,962

Property Taxes

8%

$282

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$509

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$848

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