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1028 Knightsbridge Rd, Canton, MI 48187

3 beds • 3 baths • 1698 sqft

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This property looks like a bad Airbnb investment with a projected -6.11% first-year return on $99,606 initial cash invested.

-6.11%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$3,977

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,977 income − $4,484 expenses = $507 out of pocket

Income$3,977Out of Pocket$507Mortgage P&I$1,96149%Property Taxes$46912%Insurance$1404%HOA$5Management$59715%CapEx$1594%Maintenance$1594%Other$99425%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,606

Downpayment

20%

$77,720

Closing costs

1%

$3,886

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,977

Total Expenses

$4,484

Mortgage P&I

49%

$1,961

Property Taxes

12%

$469

Home Insurance

4%

$140

HOA

0%

$5

Property Management

15%

$597

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$994

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