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32319 Nottingwood St, Farmington Hills, MI 48334

4 beds • 3 baths • 2301 sqft

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This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $111k initial cash invested.

-9.1%

Cash On Cash

4.02%

Cap Rate

0.67

DSCR

$4,071

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$82,960

Closing costs

1%

$4,148

Rehab

0%

$0

Furnishing

6%

$24,000

Cashflow

Total Income

$4,071

Total Expenses

$4,914

Mortgage P&I

51%

$2,070

Property Taxes

18%

$742

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$611

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,018

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