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2700 Middlebelt Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Airbnb investment with a projected -13.52% first-year return on $93,705 initial cash invested.

-13.52%

Cash On Cash

2.94%

Cap Rate

0.48

DSCR

$2,969

Rent

-$1,056

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,969 income − $4,025 expenses = $1,056 out of pocket

Income$2,969Out of Pocket$1,056Mortgage P&I$1,81961%Property Taxes$50217%Insurance$2629%HOA$171%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,969

Total Expenses

$4,025

Mortgage P&I

61%

$1,819

Property Taxes

17%

$502

Home Insurance

9%

$262

HOA

1%

$17

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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