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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 -10.12% first-year return on $89,022 initial cash invested.

-10.12%

Cash On Cash

3.74%

Cap Rate

0.63

DSCR

$3,229

Rent

-$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,229 income − $3,980 expenses = $751 out of pocket

Income$3,229Out of Pocket$751Mortgage P&I$1,67752%Property Taxes$57418%Insurance$1404%HOA$401%Management$48415%CapEx$1294%Maintenance$1294%Other$80725%

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

$3,229

Total Expenses

$3,980

Mortgage P&I

52%

$1,677

Property Taxes

18%

$574

Home Insurance

4%

$140

HOA

1%

$40

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$807

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