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920 E Caroline St, Fenton, MI 48430

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $93,642 initial cash invested.

-21.68%

Cash On Cash

0.81%

Cap Rate

0.13

DSCR

$1,604

Rent

-$1,692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,604 income − $3,296 expenses = $1,692 out of pocket

Income$1,604Out of Pocket$1,692Mortgage P&I$1,870117%Property Taxes$50131%Insurance$1228%HOA$332%Management$24115%CapEx$644%Maintenance$644%Other$40125%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,642

Downpayment

20%

$72,040

Closing costs

1%

$3,602

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,604

Total Expenses

$3,296

Mortgage P&I

117%

$1,870

Property Taxes

31%

$501

Home Insurance

8%

$122

HOA

2%

$33

Property Management

15%

$241

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$401

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