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985 Fairledge St, Lake Orion, MI 48362

3 beds • 2 baths • 2102 sqft

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This property looks like a bad Airbnb investment with a projected -6.64% first-year return on $91,479 initial cash invested.

-6.64%

Cash On Cash

4.71%

Cap Rate

0.79

DSCR

$3,341

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,341 income − $3,847 expenses = $506 out of pocket

Income$3,341Out of Pocket$506Mortgage P&I$1,74652%Property Taxes$37511%Insurance$1224%Management$50115%CapEx$1344%Maintenance$1344%Other$83525%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,341

Total Expenses

$3,847

Mortgage P&I

52%

$1,746

Property Taxes

11%

$375

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$835

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