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2244 Serra Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Airbnb investment with a projected -14.86% first-year return on $66,300 initial cash invested.

-14.86%

Cash On Cash

2.43%

Cap Rate

0.38

DSCR

$1,391

Rent

-$821

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,391 income − $2,212 expenses = $821 out of pocket

Income$1,391Out of Pocket$821Mortgage P&I$1,23088%Property Taxes$23317%Insurance$806%Management$20915%CapEx$564%Maintenance$564%Other$34825%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,391

Total Expenses

$2,212

Mortgage P&I

88%

$1,230

Property Taxes

17%

$233

Home Insurance

6%

$80

HOA

0%

$0

Property Management

15%

$209

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$348

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