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31541 Carion Dr, Warren, MI 48092

3 beds • 2 baths • 2829 sqft

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This property looks like a bad Airbnb investment with a projected -8.76% first-year return on $80,979 initial cash invested.

-8.76%

Cash On Cash

3.93%

Cap Rate

0.67

DSCR

$2,443

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,443

Total Expenses

$3,034

Mortgage P&I

60%

$1,475

Property Taxes

12%

$281

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$611

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