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1149 Charrington Dr, Troy, MI 48083

3 beds • 3 baths • 2744 sqft

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This property looks like a bad Airbnb investment with a projected -15.28% first-year return on $119k initial cash invested.

-15.28%

Cash On Cash

2.44%

Cap Rate

0.41

DSCR

$2,674

Rent

-$1,512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $4,186 expenses = $1,512 out of pocket

Income$2,674Out of Pocket$1,512Mortgage P&I$2,37989%Property Taxes$35613%Insurance$1686%Management$40115%CapEx$1074%Maintenance$1074%Other$66825%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,980

Closing costs

1%

$4,799

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$4,186

Mortgage P&I

89%

$2,379

Property Taxes

13%

$356

Home Insurance

6%

$168

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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