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9484 Aspen View Dr, Grand Blanc, MI 48439

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Airbnb investment with a projected -11.38% first-year return on $92,907 initial cash invested.

-11.38%

Cash On Cash

3.51%

Cap Rate

0.58

DSCR

$2,885

Rent

-$881

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,885 income − $3,766 expenses = $881 out of pocket

Income$2,885Out of Pocket$881Mortgage P&I$1,80963%Property Taxes$45116%Insurance$1224%Management$43315%CapEx$1154%Maintenance$1154%Other$72125%

Investment Breakdown

|

Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,907

Downpayment

20%

$71,340

Closing costs

1%

$3,567

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,885

Total Expenses

$3,766

Mortgage P&I

63%

$1,809

Property Taxes

16%

$451

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$433

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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