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23010 Purdue Ave, Farmington Hills, MI 48336

3 beds • 3 baths • 1528 sqft

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This property looks like a bad Airbnb investment with a projected -8.92% first-year return on $59,580 initial cash invested.

-8.92%

Cash On Cash

4.76%

Cap Rate

0.7

DSCR

$2,681

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,681 income − $3,124 expenses = $443 out of pocket

Income$2,681Out of Pocket$443Mortgage P&I$1,12142%Property Taxes$64824%Insurance$693%Management$40215%CapEx$1074%Maintenance$1074%Other$67025%

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,681

Total Expenses

$3,124

Mortgage P&I

42%

$1,121

Property Taxes

24%

$648

Home Insurance

3%

$69

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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