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2351 Recreation Dr, West Bloomfield, MI 48324

3 beds • 3 baths • 2279 sqft

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This property looks like a bad Airbnb investment with a projected -18.18% first-year return on $110k initial cash invested.

-18.18%

Cash On Cash

1.8%

Cap Rate

0.29

DSCR

$2,176

Rent

-$1,670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,176 income − $3,846 expenses = $1,670 out of pocket

Income$2,176Out of Pocket$1,670Mortgage P&I$2,242103%Property Taxes$40218%Insurance$1587%Management$32615%CapEx$874%Maintenance$874%Other$54425%

Investment Breakdown

|

Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,820

Closing costs

1%

$4,391

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,176

Total Expenses

$3,846

Mortgage P&I

103%

$2,242

Property Taxes

18%

$402

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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