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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 -4.86% first-year return on $90,576 initial cash invested.

-4.86%

Cash On Cash

5.12%

Cap Rate

0.86

DSCR

$3,343

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,343 income − $3,710 expenses = $367 out of pocket

Income$3,343Out of Pocket$367Mortgage P&I$1,70751%Property Taxes$2768%Insurance$1224%Management$50115%CapEx$1344%Maintenance$1344%Other$83625%

Investment Breakdown

|

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

$3,343

Total Expenses

$3,710

Mortgage P&I

51%

$1,707

Property Taxes

8%

$276

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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