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21966 Flanders St, Farmington Hills, MI 48335

3 beds • 2 baths • 1454 sqft

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This property looks like a bad Airbnb investment with a projected -14.06% first-year return on $80,244 initial cash invested.

-14.06%

Cash On Cash

2.66%

Cap Rate

0.43

DSCR

$2,100

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,100 income − $3,040 expenses = $940 out of pocket

Income$2,100Out of Pocket$940Mortgage P&I$1,51372%Property Taxes$41420%Insurance$1055%Management$31515%CapEx$844%Maintenance$844%Other$52525%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,244

Downpayment

20%

$59,280

Closing costs

1%

$2,964

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,100

Total Expenses

$3,040

Mortgage P&I

72%

$1,513

Property Taxes

20%

$414

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$315

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$525

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