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28335 Golf Pointe Blvd, Farmington Hills, MI 48331
3 beds • 4 baths • 2224 sqft
$493,500
View on ZillowThis property looks like a bad Airbnb investment with a projected -17.4% first-year return on $122k initial cash invested.
-17.4%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$3,397
Rent
-$1,764
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,397 income − $5,161 expenses = $1,764 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,397
Total Expenses
$5,161
Mortgage P&I
73%
$2,491
Property Taxes
19%
$643
Home Insurance
5%
$186
HOA
6%
$210
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$849