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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 -16.96% first-year return on $80,244 initial cash invested.

-16.96%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$1,727

Rent

-$1,134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,727 income − $2,861 expenses = $1,134 out of pocket

Income$1,727Out of Pocket$1,134Mortgage P&I$1,51388%Property Taxes$41424%Insurance$1056%Management$25915%CapEx$694%Maintenance$694%Other$43225%

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

$1,727

Total Expenses

$2,861

Mortgage P&I

88%

$1,513

Property Taxes

24%

$414

Home Insurance

6%

$105

HOA

0%

$0

Property Management

15%

$259

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$432

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