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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 -15.43% first-year return on $189k initial cash invested.

-15.43%

Cash On Cash

2.67%

Cap Rate

0.45

DSCR

$5,278

Rent

-$2,436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,278 income − $7,714 expenses = $2,436 out of pocket

Income$5,278Out of Pocket$2,436Mortgage P&I$4,04277%Property Taxes$79015%Insurance$2986%HOA$501%Management$79215%CapEx$2114%Maintenance$2114%Other$1,32025%

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

$5,278

Total Expenses

$7,714

Mortgage P&I

77%

$4,042

Property Taxes

15%

$790

Home Insurance

6%

$298

HOA

1%

$50

Property Management

15%

$792

CapEx

4%

$211

Vacancy

0%

$0

Maintenance

4%

$211

Other

25%

$1,320

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