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2135 Holly Berry Ln, Commerce Township, MI 48390

3 beds • 3 baths • 2725 sqft

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This property looks like a bad Airbnb investment with a projected -16.6% first-year return on $109k initial cash invested.

-16.6%

Cash On Cash

2.32%

Cap Rate

0.37

DSCR

$2,357

Rent

-$1,502

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,357 income − $3,859 expenses = $1,502 out of pocket

Income$2,357Out of Pocket$1,502Mortgage P&I$2,24095%Property Taxes$31713%Insurance$1547%HOA$171%Management$35415%CapEx$944%Maintenance$944%Other$58925%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,240

Closing costs

1%

$4,312

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,357

Total Expenses

$3,859

Mortgage P&I

95%

$2,240

Property Taxes

13%

$317

Home Insurance

7%

$154

HOA

1%

$17

Property Management

15%

$354

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$589

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