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3295 Cumberland Rd, Berkley, MI 48072

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -11.39% first-year return on $93,978 initial cash invested.

-11.39%

Cash On Cash

3.49%

Cap Rate

0.58

DSCR

$3,026

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,026 income − $3,918 expenses = $892 out of pocket

Income$3,026Out of Pocket$892Mortgage P&I$1,82460%Property Taxes$51417%Insurance$1284%Management$45415%CapEx$1214%Maintenance$1214%Other$75625%

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,978

Downpayment

20%

$72,360

Closing costs

1%

$3,618

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,026

Total Expenses

$3,918

Mortgage P&I

60%

$1,824

Property Taxes

17%

$514

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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