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985 Fairledge St, Lake Orion, MI 48362

3 beds • 2 baths • 2102 sqft

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This property might be a fair Airbnb investment with a projected 1.97% first-year return on $91,479 initial cash invested.

1.97%

Cash On Cash

7.13%

Cap Rate

1.19

DSCR

$4,601

Rent

$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,601 income − $4,451 expenses = $150 cash flow

Income$4,601Mortgage P&I$1,74638%Property Taxes$3758%Insurance$1223%Management$69015%CapEx$1844%Maintenance$1844%Other$1,15025%Cash Flow$150

Investment Breakdown

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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

$4,601

Total Expenses

$4,451

Mortgage P&I

38%

$1,746

Property Taxes

8%

$375

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$690

CapEx

4%

$184

Vacancy

0%

$0

Maintenance

4%

$184

Other

25%

$1,150

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