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25390 Wixom Rd, Novi, MI 48374

3 beds • 3 baths • 3516 sqft

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This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $97,422 initial cash invested.

-20.76%

Cash On Cash

0.94%

Cap Rate

0.16

DSCR

$2,404

Rent

-$1,685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,404 income − $4,089 expenses = $1,685 out of pocket

Income$2,404Out of Pocket$1,685Mortgage P&I$1,88678%Property Taxes$83435%Insurance$1928%HOA$231%Management$36115%CapEx$964%Maintenance$964%Other$60125%

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,422

Downpayment

20%

$75,640

Closing costs

1%

$3,782

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,404

Total Expenses

$4,089

Mortgage P&I

78%

$1,886

Property Taxes

35%

$834

Home Insurance

8%

$192

HOA

1%

$23

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$601

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