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29435 Chelsea Xing, Farmington Hills, MI 48331

3 beds • 4 baths • 3731 sqft

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This property looks like a bad Airbnb investment with a projected -16.66% first-year return on $126k initial cash invested.

-16.66%

Cash On Cash

2.09%

Cap Rate

0.36

DSCR

$3,405

Rent

-$1,752

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,405 income − $5,157 expenses = $1,752 out of pocket

Income$3,405Out of Pocket$1,752Mortgage P&I$2,51374%Property Taxes$78423%Insurance$1845%HOA$421%Management$51115%CapEx$1364%Maintenance$1364%Other$85125%

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,151

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,405

Total Expenses

$5,157

Mortgage P&I

74%

$2,513

Property Taxes

23%

$784

Home Insurance

5%

$184

HOA

1%

$42

Property Management

15%

$511

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$851

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