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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 -23.16% first-year return on $123k initial cash invested.

-23.16%

Cash On Cash

0.7%

Cap Rate

0.11

DSCR

$1,684

Rent

-$2,369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,684 income − $4,053 expenses = $2,369 out of pocket

Income$1,684Out of Pocket$2,369Mortgage P&I$2,591154%Property Taxes$46828%Insurance$17510%HOA$111%Management$25315%CapEx$674%Maintenance$674%Other$42125%

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

$1,684

Total Expenses

$4,053

Mortgage P&I

154%

$2,591

Property Taxes

28%

$468

Home Insurance

10%

$175

HOA

1%

$11

Property Management

15%

$253

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$421

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