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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 -12.57% first-year return on $81,882 initial cash invested.

-12.57%

Cash On Cash

2.94%

Cap Rate

0.49

DSCR

$2,379

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,379 income − $3,237 expenses = $858 out of pocket

Income$2,379Out of Pocket$858Mortgage P&I$1,50863%Property Taxes$42918%Insurance$1085%HOA$502%Management$35715%CapEx$954%Maintenance$954%Other$59525%

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

$2,379

Total Expenses

$3,237

Mortgage P&I

63%

$1,508

Property Taxes

18%

$429

Home Insurance

5%

$108

HOA

2%

$50

Property Management

15%

$357

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$595

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