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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 -7.24% first-year return on $92,046 initial cash invested.

-7.24%

Cash On Cash

4.76%

Cap Rate

0.78

DSCR

$3,813

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,813 income − $4,368 expenses = $555 out of pocket

Income$3,813Out of Pocket$555Mortgage P&I$1,80247%Property Taxes$61816%Insurance$1173%Management$57215%CapEx$1534%Maintenance$1534%Other$95325%

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

$3,813

Total Expenses

$4,368

Mortgage P&I

47%

$1,802

Property Taxes

16%

$618

Home Insurance

3%

$117

HOA

0%

$0

Property Management

15%

$572

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$953

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