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3020 Glengary Rd, Commerce Township, MI 48382

3 beds • 3 baths • 1958 sqft

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This property looks like a bad Airbnb investment with a projected -5.35% first-year return on $98,913 initial cash invested.

-5.35%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$4,102

Rent

-$441

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,102 income − $4,543 expenses = $441 out of pocket

Income$4,102Out of Pocket$441Mortgage P&I$1,90847%Property Taxes$3168%Insurance$3509%Management$61515%CapEx$1644%Maintenance$1644%Other$1,02625%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,913

Downpayment

20%

$77,060

Closing costs

1%

$3,853

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,102

Total Expenses

$4,543

Mortgage P&I

47%

$1,908

Property Taxes

8%

$316

Home Insurance

9%

$350

HOA

0%

$0

Property Management

15%

$615

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,026

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