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2348 Pine Lake Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 2352 sqft

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This property looks like a bad Airbnb investment with a projected -17.83% first-year return on $118k initial cash invested.

-17.83%

Cash On Cash

1.77%

Cap Rate

0.3

DSCR

$2,052

Rent

-$1,749

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,052 income − $3,801 expenses = $1,749 out of pocket

Income$2,052Out of Pocket$1,749Mortgage P&I$2,368115%Property Taxes$27313%Insurance$1759%Management$30815%CapEx$824%Maintenance$824%Other$51325%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,960

Closing costs

1%

$4,748

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,052

Total Expenses

$3,801

Mortgage P&I

115%

$2,368

Property Taxes

13%

$273

Home Insurance

9%

$175

HOA

0%

$0

Property Management

15%

$308

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$513

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