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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 -8.23% first-year return on $102k initial cash invested.

-8.23%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$3,241

Rent

-$699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,241 income − $3,940 expenses = $699 out of pocket

Income$3,241Out of Pocket$699Mortgage P&I$1,96261%Property Taxes$2829%Insurance$1404%Management$48615%CapEx$1304%Maintenance$1304%Other$81025%

Investment Breakdown

|

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

$3,241

Total Expenses

$3,940

Mortgage P&I

61%

$1,962

Property Taxes

9%

$282

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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