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1308 Longfellow Dr, Canton, MI 48187

3 beds • 2 baths • 2069 sqft

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This property looks like a bad Airbnb investment with a projected -12.84% first-year return on $80,580 initial cash invested.

-12.84%

Cash On Cash

3.03%

Cap Rate

0.49

DSCR

$2,193

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,193 income − $3,055 expenses = $862 out of pocket

Income$2,193Out of Pocket$862Mortgage P&I$1,52670%Property Taxes$35916%Insurance$1175%Management$32915%CapEx$884%Maintenance$884%Other$54825%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,580

Downpayment

20%

$59,600

Closing costs

1%

$2,980

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,193

Total Expenses

$3,055

Mortgage P&I

70%

$1,526

Property Taxes

16%

$359

Home Insurance

5%

$117

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$548

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