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32484 Chesterbrook St, Farmington Hills, MI 48334
3 beds • 3 baths • 2677 sqft
$390,000
View on ZillowThis property looks like a bad Airbnb investment with a projected -6.27% first-year return on $99,900 initial cash invested.
-6.27%
Cash On Cash
4.79%
Cap Rate
0.81
DSCR
$3,857
Rent
-$522
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,857 income − $4,379 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$390k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,900
Downpayment
20%
$78,000
Closing costs
1%
$3,900
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,857
Total Expenses
$4,379
Mortgage P&I
50%
$1,925
Property Taxes
12%
$461
Home Insurance
4%
$140
HOA
0%
$2
Property Management
15%
$579
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$964