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20185 Bayfield Dr, Clinton Township, MI 48038

3 beds • 4 baths • 3856 sqft

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This property looks like a bad Airbnb investment with a projected -15.31% first-year return on $111k initial cash invested.

-15.31%

Cash On Cash

2.32%

Cap Rate

0.4

DSCR

$2,942

Rent

-$1,417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,660

Closing costs

1%

$4,433

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$4,359

Mortgage P&I

73%

$2,156

Property Taxes

21%

$625

Home Insurance

5%

$157

HOA

0%

$8

Property Management

15%

$441

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$736

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