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930 N Congress St, Ypsilanti, MI 48197

3 beds • 2 baths • 1638 sqft

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This property looks like a bad Airbnb investment with a projected -5.94% first-year return on $95,217 initial cash invested.

-5.94%

Cash On Cash

4.93%

Cap Rate

0.83

DSCR

$4,181

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,217

Downpayment

20%

$73,540

Closing costs

1%

$3,677

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,181

Total Expenses

$4,652

Mortgage P&I

43%

$1,815

Property Taxes

17%

$726

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$627

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,045

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