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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 -10.14% first-year return on $119k initial cash invested.

-10.14%

Cash On Cash

3.8%

Cap Rate

0.64

DSCR

$3,652

Rent

-$1,004

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,652 income − $4,656 expenses = $1,004 out of pocket

Income$3,652Out of Pocket$1,004Mortgage P&I$2,37965%Property Taxes$35610%Insurance$1685%Management$54815%CapEx$1464%Maintenance$1464%Other$91325%

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

$3,652

Total Expenses

$4,656

Mortgage P&I

65%

$2,379

Property Taxes

10%

$356

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$548

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$913

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