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2679 Lacota Rd, Waterford, MI 48328

3 beds • 2 baths • 1511 sqft

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This property looks like a bad Airbnb investment with a projected -7.43% first-year return on $81,882 initial cash invested.

-7.43%

Cash On Cash

4.43%

Cap Rate

0.74

DSCR

$3,053

Rent

-$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,053 income − $3,560 expenses = $507 out of pocket

Income$3,053Out of Pocket$507Mortgage P&I$1,50849%Property Taxes$42914%Insurance$1084%HOA$502%Management$45815%CapEx$1224%Maintenance$1224%Other$76325%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,882

Downpayment

20%

$60,840

Closing costs

1%

$3,042

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,053

Total Expenses

$3,560

Mortgage P&I

49%

$1,508

Property Taxes

14%

$429

Home Insurance

4%

$108

HOA

2%

$50

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

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