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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 -17.65% first-year return on $118k initial cash invested.

-17.65%

Cash On Cash

1.82%

Cap Rate

0.3

DSCR

$2,085

Rent

-$1,731

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,085 income − $3,816 expenses = $1,731 out of pocket

Income$2,085Out of Pocket$1,731Mortgage P&I$2,368114%Property Taxes$27313%Insurance$1758%Management$31315%CapEx$834%Maintenance$834%Other$52125%

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

$2,085

Total Expenses

$3,816

Mortgage P&I

114%

$2,368

Property Taxes

13%

$273

Home Insurance

8%

$175

HOA

0%

$0

Property Management

15%

$313

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$521

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