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34377 Colfax Dr, Farmington Hills, MI 48335

3 beds • 2 baths • 1159 sqft

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This property looks like a bad Airbnb investment with a projected -9.5% first-year return on $78,816 initial cash invested.

-9.5%

Cash On Cash

3.73%

Cap Rate

0.63

DSCR

$2,204

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,204 income − $2,828 expenses = $624 out of pocket

Income$2,204Out of Pocket$624Mortgage P&I$1,43665%Property Taxes$22910%Insurance$1055%Management$33115%CapEx$884%Maintenance$884%Other$55125%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,816

Downpayment

20%

$57,920

Closing costs

1%

$2,896

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,204

Total Expenses

$2,828

Mortgage P&I

65%

$1,436

Property Taxes

10%

$229

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$331

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$551

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