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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 -20.88% first-year return on $185k initial cash invested.

-20.88%

Cash On Cash

1.31%

Cap Rate

0.22

DSCR

$3,770

Rent

-$3,218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,770 income − $6,988 expenses = $3,218 out of pocket

Income$3,770Out of Pocket$3,218Mortgage P&I$3,936104%Property Taxes$97326%Insurance$2697%Management$56615%CapEx$1514%Maintenance$1514%Other$94225%

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

$3,770

Total Expenses

$6,988

Mortgage P&I

104%

$3,936

Property Taxes

26%

$973

Home Insurance

7%

$269

HOA

0%

$0

Property Management

15%

$566

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$942

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