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2534 Edgemere Ave, Commerce Township, MI 48382

3 beds • 2 baths • 1161 sqft

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This property looks like a bad Airbnb investment with a projected -10.38% first-year return on $75,120 initial cash invested.

-10.38%

Cash On Cash

3.77%

Cap Rate

0.6

DSCR

$2,062

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,062 income − $2,712 expenses = $650 out of pocket

Income$2,062Out of Pocket$650Mortgage P&I$1,42269%Property Taxes$21310%Insurance$884%Management$30915%CapEx$824%Maintenance$824%Other$51625%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,120

Downpayment

20%

$54,400

Closing costs

1%

$2,720

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,062

Total Expenses

$2,712

Mortgage P&I

69%

$1,422

Property Taxes

10%

$213

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$516

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