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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 -10.59% first-year return on $110k initial cash invested.

-10.59%

Cash On Cash

3.85%

Cap Rate

0.63

DSCR

$3,519

Rent

-$973

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,519 income − $4,492 expenses = $973 out of pocket

Income$3,519Out of Pocket$973Mortgage P&I$2,24264%Property Taxes$40211%Insurance$1584%Management$52815%CapEx$1414%Maintenance$1414%Other$88025%

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

$3,519

Total Expenses

$4,492

Mortgage P&I

64%

$2,242

Property Taxes

11%

$402

Home Insurance

4%

$158

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$880

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