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11202 Lorman Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 3129 sqft

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This property looks like a bad Airbnb investment with a projected -8.3% first-year return on $77,808 initial cash invested.

-8.3%

Cash On Cash

4.31%

Cap Rate

0.7

DSCR

$2,535

Rent

-$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,535 income − $3,073 expenses = $538 out of pocket

Income$2,535Out of Pocket$538Mortgage P&I$1,45958%Property Taxes$29011%Insurance$1084%Management$38015%CapEx$1014%Maintenance$1014%Other$63425%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,808

Downpayment

20%

$56,960

Closing costs

1%

$2,848

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,535

Total Expenses

$3,073

Mortgage P&I

58%

$1,459

Property Taxes

11%

$290

Home Insurance

4%

$108

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$634

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