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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 -10.64% first-year return on $89,022 initial cash invested.

-10.64%

Cash On Cash

3.6%

Cap Rate

0.6

DSCR

$3,158

Rent

-$789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,158 income − $3,947 expenses = $789 out of pocket

Income$3,158Out of Pocket$789Mortgage P&I$1,67753%Property Taxes$57418%Insurance$1404%HOA$401%Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

Investment Breakdown

|

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

$3,158

Total Expenses

$3,947

Mortgage P&I

53%

$1,677

Property Taxes

18%

$574

Home Insurance

4%

$140

HOA

1%

$40

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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