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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 -16.05% first-year return on $72,600 initial cash invested.

-16.05%

Cash On Cash

2.03%

Cap Rate

0.33

DSCR

$1,528

Rent

-$971

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,528 income − $2,499 expenses = $971 out of pocket

Income$1,528Out of Pocket$971Mortgage P&I$1,35088%Property Taxes$32521%Insurance$916%Management$22915%CapEx$614%Maintenance$614%Other$38225%

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

$1,528

Total Expenses

$2,499

Mortgage P&I

88%

$1,350

Property Taxes

21%

$325

Home Insurance

6%

$91

HOA

0%

$0

Property Management

15%

$229

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$382

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