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2147 Parliament Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1050 sqft

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This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $73,356 initial cash invested.

-18.09%

Cash On Cash

1.19%

Cap Rate

0.2

DSCR

$1,314

Rent

-$1,106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,314 income − $2,420 expenses = $1,106 out of pocket

Income$1,314Out of Pocket$1,106Mortgage P&I$1,314100%Property Taxes$38429%Insurance$917%Management$19715%CapEx$534%Maintenance$534%Other$32825%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,314

Total Expenses

$2,420

Mortgage P&I

100%

$1,314

Property Taxes

29%

$384

Home Insurance

7%

$91

HOA

0%

$0

Property Management

15%

$197

CapEx

4%

$53

Vacancy

0%

$0

Maintenance

4%

$53

Other

25%

$328

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