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1874 Hopkins Dr, Wixom, MI 48393

3 beds • 2 baths • 2083 sqft

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This property looks like a bad Airbnb investment with a projected -3.68% first-year return on $102k initial cash invested.

-3.68%

Cash On Cash

5.46%

Cap Rate

0.92

DSCR

$4,041

Rent

-$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,041

Total Expenses

$4,354

Mortgage P&I

49%

$1,972

Property Taxes

7%

$289

Home Insurance

3%

$140

HOA

0%

$13

Property Management

15%

$606

CapEx

4%

$162

Vacancy

0%

$0

Maintenance

4%

$162

Other

25%

$1,010

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