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9730 S Luce Rd, Perrinton, MI 48871

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Airbnb investment with a projected -5.04% first-year return on $78,795 initial cash invested.

-5.04%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$2,783

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,783

Total Expenses

$3,114

Mortgage P&I

52%

$1,446

Property Taxes

8%

$228

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$417

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$696

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