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124 Claremont Cir, Brooklyn, MI 49230

3 beds • 2 baths • 2208 sqft

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This property looks like a bad Airbnb investment with a projected -21.15% first-year return on $149k initial cash invested.

-21.15%

Cash On Cash

1.38%

Cap Rate

0.22

DSCR

$2,986

Rent

-$2,624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,986 income − $5,610 expenses = $2,624 out of pocket

Income$2,986Out of Pocket$2,624Mortgage P&I$3,220108%Property Taxes$69823%Insurance$2227%HOA$381%Management$44815%CapEx$1194%Maintenance$1194%Other$74625%

Investment Breakdown

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Purchase Price

$623k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,232

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,986

Total Expenses

$5,610

Mortgage P&I

108%

$3,220

Property Taxes

23%

$698

Home Insurance

7%

$222

HOA

1%

$38

Property Management

15%

$448

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$746

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