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23434 Haynes St, Farmington Hills, MI 48336

3 beds • 3 baths • 1502 sqft

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This property looks like a bad Airbnb investment with a projected -10.63% first-year return on $92,046 initial cash invested.

-10.63%

Cash On Cash

3.81%

Cap Rate

0.62

DSCR

$3,310

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,310 income − $4,125 expenses = $815 out of pocket

Income$3,310Out of Pocket$815Mortgage P&I$1,80254%Property Taxes$61819%Insurance$1174%Management$49615%CapEx$1324%Maintenance$1324%Other$82825%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,046

Downpayment

20%

$70,520

Closing costs

1%

$3,526

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,310

Total Expenses

$4,125

Mortgage P&I

54%

$1,802

Property Taxes

19%

$618

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$828

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