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11666 Bora Ct, Sterling Heights, MI 48312

3 beds • 2 baths • 2106 sqft

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This property looks like a bad Airbnb investment with a projected -0.95% first-year return on $82,218 initial cash invested.

-0.95%

Cash On Cash

6.33%

Cap Rate

1.06

DSCR

$3,770

Rent

-$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,218

Downpayment

20%

$61,160

Closing costs

1%

$3,058

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,770

Total Expenses

$3,835

Mortgage P&I

41%

$1,528

Property Taxes

10%

$389

Home Insurance

3%

$108

HOA

0%

$0

Property Management

15%

$566

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$942

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Modern 3BR Apt | Sleeps 8 | Prime Sterling Heights

$4,426

$214

3

1.5

1.25 mi

Bright 3BR Getaway | Sleeps 6 in Sterling Heights

$3,475

$168

3

1.5

1.2 mi

Sterling Heights Tranquil Retreat

$3,392

$164

3

1.5

1.2 mi

3 Bedroom Industrial Vibe

$3,371

$163

3

1.5

1.5 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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