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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 -3.79% first-year return on $75,120 initial cash invested.

-3.79%

Cash On Cash

5.73%

Cap Rate

0.91

DSCR

$2,856

Rent

-$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,856 income − $3,093 expenses = $237 out of pocket

Income$2,856Out of Pocket$237Mortgage P&I$1,42250%Property Taxes$2137%Insurance$883%Management$42815%CapEx$1144%Maintenance$1144%Other$71425%

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

$2,856

Total Expenses

$3,093

Mortgage P&I

50%

$1,422

Property Taxes

7%

$213

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$428

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$714

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