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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 -12.05% first-year return on $93,978 initial cash invested.

-12.05%

Cash On Cash

3.31%

Cap Rate

0.55

DSCR

$2,927

Rent

-$944

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,927 income − $3,871 expenses = $944 out of pocket

Income$2,927Out of Pocket$944Mortgage P&I$1,82462%Property Taxes$51418%Insurance$1284%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

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

$2,927

Total Expenses

$3,871

Mortgage P&I

62%

$1,824

Property Taxes

18%

$514

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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