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9260 Pitman Rd, Ypsilanti, MI 48197

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -4.69% first-year return on $91,290 initial cash invested.

-4.69%

Cash On Cash

5.08%

Cap Rate

0.87

DSCR

$3,239

Rent

-$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,239

Total Expenses

$3,596

Mortgage P&I

53%

$1,703

Property Taxes

6%

$179

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$810

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