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280 Wendy Ln, Bloomfield Hills, MI 48302

3 beds • 3 baths • 2155 sqft

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This property looks like a bad Airbnb investment with a projected -21.82% first-year return on $119k initial cash invested.

-21.82%

Cash On Cash

1%

Cap Rate

0.16

DSCR

$1,702

Rent

-$2,156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,702 income − $3,858 expenses = $2,156 out of pocket

Income$1,702Out of Pocket$2,156Mortgage P&I$2,487146%Property Taxes$40524%Insurance$1499%Management$25515%CapEx$684%Maintenance$684%Other$42625%

Investment Breakdown

|

Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,780

Closing costs

1%

$4,789

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,702

Total Expenses

$3,858

Mortgage P&I

146%

$2,487

Property Taxes

24%

$405

Home Insurance

9%

$149

HOA

0%

$0

Property Management

15%

$255

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$426

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