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2305 Ellery Ave, Waterford, MI 48327

3 beds • 2 baths • 1325 sqft

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This property might be a fair Airbnb investment with a projected 7.47% first-year return on $76,800 initial cash invested.

7.47%

Cash On Cash

8.69%

Cap Rate

1.47

DSCR

$4,143

Rent

$478

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,143 income − $3,665 expenses = $478 cash flow

Income$4,143Mortgage P&I$1,38433%Property Taxes$1945%Insurance$982%Management$62115%CapEx$1664%Maintenance$1664%Other$1,03625%Cash Flow$478

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,143

Total Expenses

$3,665

Mortgage P&I

33%

$1,384

Property Taxes

5%

$194

Home Insurance

2%

$98

HOA

0%

$0

Property Management

15%

$621

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,036

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