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348 Meadowlake Rd, Canton, MI 48188

3 beds • 2 baths • 2271 sqft

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This property looks like a bad Airbnb investment with a projected -11.83% first-year return on $82,365 initial cash invested.

-11.83%

Cash On Cash

3.08%

Cap Rate

0.52

DSCR

$2,182

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,182 income − $2,994 expenses = $812 out of pocket

Income$2,182Out of Pocket$812Mortgage P&I$1,51169%Property Taxes$30614%Insurance$1226%HOA$8Management$32715%CapEx$874%Maintenance$874%Other$54625%

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,365

Downpayment

20%

$61,300

Closing costs

1%

$3,065

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,182

Total Expenses

$2,994

Mortgage P&I

69%

$1,511

Property Taxes

14%

$306

Home Insurance

6%

$122

HOA

0%

$8

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$546

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