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27515 Palomino Dr, Warren, MI 48093

3 beds • 2 baths • 2503 sqft

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This property looks like a bad Airbnb investment with a projected -3.82% first-year return on $75,750 initial cash invested.

-3.82%

Cash On Cash

5.32%

Cap Rate

0.9

DSCR

$2,807

Rent

-$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,807 income − $3,048 expenses = $241 out of pocket

Income$2,807Out of Pocket$241Mortgage P&I$1,34948%Property Taxes$2569%Insurance$963%Management$42115%CapEx$1124%Maintenance$1124%Other$70225%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,807

Total Expenses

$3,048

Mortgage P&I

48%

$1,349

Property Taxes

9%

$256

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$421

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$702

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