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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 -12.82% first-year return on $93,390 initial cash invested.

-12.82%

Cash On Cash

2.96%

Cap Rate

0.5

DSCR

$2,606

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,606 income − $3,604 expenses = $998 out of pocket

Income$2,606Out of Pocket$998Mortgage P&I$1,77968%Property Taxes$44817%Insurance$1265%Management$39115%CapEx$1044%Maintenance$1044%Other$65225%

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

$2,606

Total Expenses

$3,604

Mortgage P&I

68%

$1,779

Property Taxes

17%

$448

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$391

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$652

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