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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 -10.47% first-year return on $99,900 initial cash invested.
-10.47%
Cash On Cash
3.63%
Cap Rate
0.61
DSCR
$3,184
Rent
-$872
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,184 income − $4,056 expenses = $872 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
$3,184
Total Expenses
$4,056
Mortgage P&I
60%
$1,925
Property Taxes
14%
$461
Home Insurance
4%
$140
HOA
0%
$2
Property Management
15%
$478
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$796