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2995 Groves Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1436 sqft

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This property might be a fair Airbnb investment with a projected 3.2% first-year return on $85,809 initial cash invested.

3.2%

Cash On Cash

7.56%

Cap Rate

1.25

DSCR

$4,347

Rent

$229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,809

Downpayment

20%

$64,580

Closing costs

1%

$3,229

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,347

Total Expenses

$4,118

Mortgage P&I

38%

$1,630

Property Taxes

7%

$288

Home Insurance

3%

$113

HOA

0%

$0

Property Management

15%

$652

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,087

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