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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 -16.93% first-year return on $82,365 initial cash invested.

-16.93%

Cash On Cash

1.6%

Cap Rate

0.27

DSCR

$1,508

Rent

-$1,162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,508 income − $2,670 expenses = $1,162 out of pocket

Income$1,508Out of Pocket$1,162Mortgage P&I$1,511100%Property Taxes$30620%Insurance$1228%HOA$81%Management$22615%CapEx$604%Maintenance$604%Other$37725%

Investment Breakdown

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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

$1,508

Total Expenses

$2,670

Mortgage P&I

100%

$1,511

Property Taxes

20%

$306

Home Insurance

8%

$122

HOA

1%

$8

Property Management

15%

$226

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$377

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