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22297 Hazelton Ct, Novi, MI 48374

3 beds • 5 baths • 3398 sqft

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This property looks like a bad Airbnb investment with a projected -15.38% first-year return on $189k initial cash invested.

-15.38%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$5,295

Rent

-$2,427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,295 income − $7,722 expenses = $2,427 out of pocket

Income$5,295Out of Pocket$2,427Mortgage P&I$4,04276%Property Taxes$79015%Insurance$2986%HOA$501%Management$79415%CapEx$2124%Maintenance$2124%Other$1,32425%

Investment Breakdown

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Purchase Price

$816k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$189k

Downpayment

20%

$163k

Closing costs

1%

$8,162

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,295

Total Expenses

$7,722

Mortgage P&I

76%

$4,042

Property Taxes

15%

$790

Home Insurance

6%

$298

HOA

1%

$50

Property Management

15%

$794

CapEx

4%

$212

Vacancy

0%

$0

Maintenance

4%

$212

Other

25%

$1,324

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