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29256 Utley Rd, Farmington Hills, MI 48334

3 beds • 2 baths • 2836 sqft

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This property looks like a bad Airbnb investment with a projected -9.5% first-year return on $99,501 initial cash invested.

-9.5%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$3,699

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,501

Downpayment

20%

$77,620

Closing costs

1%

$3,881

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,699

Total Expenses

$4,487

Mortgage P&I

52%

$1,940

Property Taxes

17%

$645

Home Insurance

3%

$126

HOA

0%

$0

Property Management

15%

$555

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$925

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