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2721 Midvale Dr, Rochester Hills, MI 48309

3 beds • 3 baths • 3079 sqft

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This property looks like a bad Airbnb investment with a projected -7.4% first-year return on $113k initial cash invested.

-7.4%

Cash On Cash

4.44%

Cap Rate

0.76

DSCR

$3,980

Rent

-$697

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,980 income − $4,677 expenses = $697 out of pocket

Income$3,980Out of Pocket$697Mortgage P&I$2,21256%Property Taxes$39410%Insurance$1614%Management$59715%CapEx$1594%Maintenance$1594%Other$99525%

Investment Breakdown

|

Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,560

Closing costs

1%

$4,528

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,980

Total Expenses

$4,677

Mortgage P&I

56%

$2,212

Property Taxes

10%

$394

Home Insurance

4%

$161

HOA

0%

$0

Property Management

15%

$597

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$995

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