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24720 Kings Pointe Dr, Novi, MI 48375

3 beds • 2 baths • 1787 sqft

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This property looks like a bad Airbnb investment with a projected -9.23% first-year return on $93,600 initial cash invested.

-9.23%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$2,888

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,888 income − $3,608 expenses = $720 out of pocket

Income$2,888Out of Pocket$720Mortgage P&I$1,83564%Property Taxes$2559%Insurance$1264%HOA$5Management$43315%CapEx$1164%Maintenance$1164%Other$72225%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,888

Total Expenses

$3,608

Mortgage P&I

64%

$1,835

Property Taxes

9%

$255

Home Insurance

4%

$126

HOA

0%

$5

Property Management

15%

$433

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$722

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