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19741 Mount Vernon Dr, Macomb, MI 48044

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Airbnb investment with a projected -13.53% first-year return on $123k initial cash invested.

-13.53%

Cash On Cash

3.25%

Cap Rate

0.52

DSCR

$3,578

Rent

-$1,384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,578 income − $4,962 expenses = $1,384 out of pocket

Income$3,578Out of Pocket$1,384Mortgage P&I$2,59172%Property Taxes$46813%Insurance$1755%HOA$11Management$53715%CapEx$1434%Maintenance$1434%Other$89425%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,780

Closing costs

1%

$4,989

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,578

Total Expenses

$4,962

Mortgage P&I

72%

$2,591

Property Taxes

13%

$468

Home Insurance

5%

$175

HOA

0%

$11

Property Management

15%

$537

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$894

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