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1276 Hillside Dr, Birmingham, MI 48009

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -21.93% first-year return on $185k initial cash invested.

-21.93%

Cash On Cash

1.05%

Cap Rate

0.18

DSCR

$3,456

Rent

-$3,380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,456 income − $6,836 expenses = $3,380 out of pocket

Income$3,456Out of Pocket$3,380Mortgage P&I$3,936114%Property Taxes$97328%Insurance$2698%Management$51815%CapEx$1384%Maintenance$1384%Other$86425%

Investment Breakdown

|

Purchase Price

$795k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,949

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,456

Total Expenses

$6,836

Mortgage P&I

114%

$3,936

Property Taxes

28%

$973

Home Insurance

8%

$269

HOA

0%

$0

Property Management

15%

$518

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

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