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36023 Weideman St, Clinton Township, MI 48035

3 beds • 2 baths • 1905 sqft

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This property looks like a bad Airbnb investment with a projected -1.43% first-year return on $71,970 initial cash invested.

-1.43%

Cash On Cash

6.02%

Cap Rate

1.03

DSCR

$3,052

Rent

-$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,052

Total Expenses

$3,138

Mortgage P&I

41%

$1,254

Property Taxes

11%

$329

Home Insurance

3%

$90

HOA

0%

$0

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

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