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17459 Delaware Ct, Macomb, MI 48044

3 beds • 3 baths • 2929 sqft

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This property looks like a bad Airbnb investment with a projected -17.03% first-year return on $86,649 initial cash invested.

-17.03%

Cash On Cash

2.44%

Cap Rate

0.37

DSCR

$2,072

Rent

-$1,230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,072 income − $3,302 expenses = $1,230 out of pocket

Income$2,072Out of Pocket$1,230Mortgage P&I$1,81287%Property Taxes$35917%Insurance$1367%Management$31115%CapEx$834%Maintenance$834%Other$51825%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,072

Total Expenses

$3,302

Mortgage P&I

87%

$1,812

Property Taxes

17%

$359

Home Insurance

7%

$136

HOA

0%

$0

Property Management

15%

$311

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$518

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