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905 Michigan St, Brighton, MI 48116

3 beds • 3 baths • 1804 sqft

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This property looks like a bad Airbnb investment with a projected -1.3% first-year return on $103k initial cash invested.

-1.3%

Cash On Cash

6%

Cap Rate

1.04

DSCR

$4,640

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,020

Closing costs

1%

$4,051

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,640

Total Expenses

$4,752

Mortgage P&I

42%

$1,951

Property Taxes

9%

$435

Home Insurance

3%

$138

HOA

0%

$0

Property Management

15%

$696

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,160

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