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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 -10.81% first-year return on $109k initial cash invested.

-10.81%

Cash On Cash

3.88%

Cap Rate

0.62

DSCR

$3,362

Rent

-$978

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,362 income − $4,340 expenses = $978 out of pocket

Income$3,362Out of Pocket$978Mortgage P&I$2,24067%Property Taxes$3179%Insurance$1545%HOA$171%Management$50415%CapEx$1344%Maintenance$1344%Other$84025%

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

$3,362

Total Expenses

$4,340

Mortgage P&I

67%

$2,240

Property Taxes

9%

$317

Home Insurance

5%

$154

HOA

1%

$17

Property Management

15%

$504

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$840

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