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29263 Norma Dr, Warren, MI 48093

3 beds • 2 baths • 1736 sqft

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This property looks like a bad Airbnb investment with a projected -15.49% first-year return on $72,600 initial cash invested.

-15.49%

Cash On Cash

2.2%

Cap Rate

0.35

DSCR

$1,594

Rent

-$937

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,594 income − $2,531 expenses = $937 out of pocket

Income$1,594Out of Pocket$937Mortgage P&I$1,35085%Property Taxes$32520%Insurance$916%Management$23915%CapEx$644%Maintenance$644%Other$39825%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,594

Total Expenses

$2,531

Mortgage P&I

85%

$1,350

Property Taxes

20%

$325

Home Insurance

6%

$91

HOA

0%

$0

Property Management

15%

$239

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$398

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