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33506 Carly Ct, Westland, MI 48186

3 beds • 3 baths • 1455 sqft

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This property looks like a bad Airbnb investment with a projected -11.11% first-year return on $89,022 initial cash invested.

-11.11%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$3,092

Rent

-$824

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,092 income − $3,916 expenses = $824 out of pocket

Income$3,092Out of Pocket$824Mortgage P&I$1,67754%Property Taxes$57419%Insurance$1405%HOA$401%Management$46415%CapEx$1244%Maintenance$1244%Other$77325%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,092

Total Expenses

$3,916

Mortgage P&I

54%

$1,677

Property Taxes

19%

$574

Home Insurance

5%

$140

HOA

1%

$40

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$773

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