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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 -3.17% first-year return on $98,913 initial cash invested.

-3.17%

Cash On Cash

5.68%

Cap Rate

0.96

DSCR

$4,448

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,448 income − $4,709 expenses = $261 out of pocket

Income$4,448Out of Pocket$261Mortgage P&I$1,90843%Property Taxes$3167%Insurance$3508%Management$66715%CapEx$1784%Maintenance$1784%Other$1,11225%

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

$4,448

Total Expenses

$4,709

Mortgage P&I

43%

$1,908

Property Taxes

7%

$316

Home Insurance

8%

$350

HOA

0%

$0

Property Management

15%

$667

CapEx

4%

$178

Vacancy

0%

$0

Maintenance

4%

$178

Other

25%

$1,112

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