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24935 Lakeland St, Farmington Hills, MI 48336

3 beds • 3 baths • 2078 sqft

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This property looks like a bad Airbnb investment with a projected -5.26% first-year return on $94,377 initial cash invested.

-5.26%

Cash On Cash

5.36%

Cap Rate

0.86

DSCR

$3,806

Rent

-$414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,806 income − $4,220 expenses = $414 out of pocket

Income$3,806Out of Pocket$414Mortgage P&I$1,88850%Property Taxes$37410%Insurance$1313%Management$57115%CapEx$1524%Maintenance$1524%Other$95225%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,377

Downpayment

20%

$72,740

Closing costs

1%

$3,637

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,806

Total Expenses

$4,220

Mortgage P&I

50%

$1,888

Property Taxes

10%

$374

Home Insurance

3%

$131

HOA

0%

$0

Property Management

15%

$571

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$952

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