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3259 Kirkton Dr, Sterling Heights, MI 48310

3 beds • 3 baths • 3470 sqft

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This property looks like a bad Airbnb investment with a projected -14.25% first-year return on $88,350 initial cash invested.

-14.25%

Cash On Cash

2.51%

Cap Rate

0.42

DSCR

$2,070

Rent

-$1,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $3,119 expenses = $1,049 out of pocket

Income$2,070Out of Pocket$1,049Mortgage P&I$1,66680%Property Taxes$34217%Insurance$1176%Management$31015%CapEx$834%Maintenance$834%Other$51825%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,070

Total Expenses

$3,119

Mortgage P&I

80%

$1,666

Property Taxes

17%

$342

Home Insurance

6%

$117

HOA

0%

$0

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$518

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