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3025 Reeder Rd, Clarkston, MI 48346

3 beds • 3 baths • 2342 sqft

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This property looks like a bad Airbnb investment with a projected -3.42% first-year return on $90,576 initial cash invested.

-3.42%

Cash On Cash

5.52%

Cap Rate

0.93

DSCR

$3,552

Rent

-$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,576

Downpayment

20%

$69,120

Closing costs

1%

$3,456

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,552

Total Expenses

$3,810

Mortgage P&I

48%

$1,707

Property Taxes

8%

$276

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$533

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$888

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