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1706 Princeton Rd, Berkley, MI 48072

3 beds • 2 baths • 1789 sqft

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This property looks like a bad Airbnb investment with a projected -11.35% first-year return on $93,390 initial cash invested.

-11.35%

Cash On Cash

3.37%

Cap Rate

0.57

DSCR

$2,827

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,827 income − $3,710 expenses = $883 out of pocket

Income$2,827Out of Pocket$883Mortgage P&I$1,77963%Property Taxes$44816%Insurance$1264%Management$42415%CapEx$1134%Maintenance$1134%Other$70725%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,827

Total Expenses

$3,710

Mortgage P&I

63%

$1,779

Property Taxes

16%

$448

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$707

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