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11173 Hanna Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 2948 sqft

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This property looks like a bad Airbnb investment with a projected -18.33% first-year return on $81,903 initial cash invested.

-18.33%

Cash On Cash

2.12%

Cap Rate

0.32

DSCR

$2,545

Rent

-$1,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,545 income − $3,796 expenses = $1,251 out of pocket

Income$2,545Out of Pocket$1,251Mortgage P&I$1,68666%Property Taxes$78031%Insurance$1084%Management$38215%CapEx$1024%Maintenance$1024%Other$63625%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,903

Downpayment

20%

$60,860

Closing costs

1%

$3,043

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,545

Total Expenses

$3,796

Mortgage P&I

66%

$1,686

Property Taxes

31%

$780

Home Insurance

4%

$108

HOA

0%

$0

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$636

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