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9650 Woodland Ct, Ypsilanti, MI 48197

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Airbnb investment with a projected -8.48% first-year return on $79,845 initial cash invested.

-8.48%

Cash On Cash

4.1%

Cap Rate

0.68

DSCR

$2,470

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,470 income − $3,034 expenses = $564 out of pocket

Income$2,470Out of Pocket$564Mortgage P&I$1,47060%Property Taxes$26411%Insurance$1145%Management$37015%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,845

Downpayment

20%

$58,900

Closing costs

1%

$2,945

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,470

Total Expenses

$3,034

Mortgage P&I

60%

$1,470

Property Taxes

11%

$264

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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