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23611 Aviva St, Clinton Township, MI 48035

3 beds • 2 baths • 2428 sqft

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This property looks like a bad Airbnb investment with a projected -4.13% first-year return on $80,139 initial cash invested.

-4.13%

Cash On Cash

5.21%

Cap Rate

0.89

DSCR

$2,882

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,882 income − $3,158 expenses = $276 out of pocket

Income$2,882Out of Pocket$276Mortgage P&I$1,44650%Property Taxes$2268%Insurance$1044%Management$43215%CapEx$1154%Maintenance$1154%Other$72025%

Investment Breakdown

|

Purchase Price

$296k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,139

Downpayment

20%

$59,180

Closing costs

1%

$2,959

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,882

Total Expenses

$3,158

Mortgage P&I

50%

$1,446

Property Taxes

8%

$226

Home Insurance

4%

$104

HOA

0%

$0

Property Management

15%

$432

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$720

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