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1540 Stafford Dr, Canton, MI 48188

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Airbnb investment with a projected -16.27% first-year return on $93,600 initial cash invested.

-16.27%

Cash On Cash

2.37%

Cap Rate

0.37

DSCR

$1,980

Rent

-$1,269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,980 income − $3,249 expenses = $1,269 out of pocket

Income$1,980Out of Pocket$1,269Mortgage P&I$1,90296%Property Taxes$27114%Insurance$1266%Management$29715%CapEx$794%Maintenance$794%Other$49525%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,980

Total Expenses

$3,249

Mortgage P&I

96%

$1,902

Property Taxes

14%

$271

Home Insurance

6%

$126

HOA

0%

$0

Property Management

15%

$297

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$495

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