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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 5.36% first-year return on $85,809 initial cash invested.

5.36%

Cash On Cash

8.17%

Cap Rate

1.35

DSCR

$4,642

Rent

$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,642 income − $4,259 expenses = $383 cash flow

Income$4,642Mortgage P&I$1,63035%Property Taxes$2886%Insurance$1132%Management$69615%CapEx$1864%Maintenance$1864%Other$1,16025%Cash Flow$383

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

$4,642

Total Expenses

$4,259

Mortgage P&I

35%

$1,630

Property Taxes

6%

$288

Home Insurance

2%

$113

HOA

0%

$0

Property Management

15%

$696

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,160

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