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343 Cobblestone Ct, Brighton, MI 48116

3 beds • 3 baths • 2143 sqft

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This property looks like a bad Airbnb investment with a projected -9.7% first-year return on $98,850 initial cash invested.

-9.7%

Cash On Cash

3.75%

Cap Rate

0.64

DSCR

$3,022

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,022

Total Expenses

$3,821

Mortgage P&I

62%

$1,881

Property Taxes

12%

$354

Home Insurance

4%

$135

HOA

0%

$0

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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