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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 -16.68% first-year return on $93,600 initial cash invested.

-16.68%

Cash On Cash

2.26%

Cap Rate

0.36

DSCR

$1,920

Rent

-$1,301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $3,221 expenses = $1,301 out of pocket

Income$1,920Out of Pocket$1,301Mortgage P&I$1,90299%Property Taxes$27114%Insurance$1267%Management$28815%CapEx$774%Maintenance$774%Other$48025%

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

$1,920

Total Expenses

$3,221

Mortgage P&I

99%

$1,902

Property Taxes

14%

$271

Home Insurance

7%

$126

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$480

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