REI Lense

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2660 Pontiac Lake Rd, Waterford, MI 48328

3 beds • 2 baths • 1449 sqft

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This property looks like a bad Airbnb investment with a projected -8.19% first-year return on $72,957 initial cash invested.

-8.19%

Cash On Cash

4.04%

Cap Rate

0.68

DSCR

$2,206

Rent

-$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,957

Downpayment

20%

$52,340

Closing costs

1%

$2,617

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,206

Total Expenses

$2,704

Mortgage P&I

58%

$1,290

Property Taxes

12%

$262

Home Insurance

4%

$93

HOA

0%

$0

Property Management

15%

$331

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$552

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