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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 -7.85% first-year return on $102k initial cash invested.

-7.85%

Cash On Cash

4.28%

Cap Rate

0.73

DSCR

$3,301

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,301 income − $3,968 expenses = $667 out of pocket

Income$3,301Out of Pocket$667Mortgage P&I$1,96259%Property Taxes$2829%Insurance$1404%Management$49515%CapEx$1324%Maintenance$1324%Other$82525%

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

$3,301

Total Expenses

$3,968

Mortgage P&I

59%

$1,962

Property Taxes

9%

$282

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$495

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$825

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