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23233 Harvard Shore Dr, Clinton Township, MI 48035
3 beds • 2 baths • 2378 sqft
$355,000
View on ZillowThis property looks like a bad Airbnb investment with a projected -8.25% first-year return on $92,550 initial cash invested.
-8.25%
Cash On Cash
4.08%
Cap Rate
0.7
DSCR
$2,811
Rent
-$636
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,811 income − $3,447 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$355k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$92,550
Downpayment
20%
$71,000
Closing costs
1%
$3,550
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,811
Total Expenses
$3,447
Mortgage P&I
62%
$1,732
Property Taxes
9%
$242
Home Insurance
4%
$124
HOA
0%
$0
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$703