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9556 Horseshoe Bnd, Dexter, MI 48130

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Airbnb investment with a projected -10.86% first-year return on $113k initial cash invested.

-10.86%

Cash On Cash

3.5%

Cap Rate

0.6

DSCR

$3,243

Rent

-$1,018

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,243 income − $4,261 expenses = $1,018 out of pocket

Income$3,243Out of Pocket$1,018Mortgage P&I$2,19968%Property Taxes$34711%Insurance$1585%Management$48615%CapEx$1304%Maintenance$1304%Other$81125%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,243

Total Expenses

$4,261

Mortgage P&I

68%

$2,199

Property Taxes

11%

$347

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$486

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$811

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