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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 -2.68% first-year return on $71,970 initial cash invested.

-2.68%

Cash On Cash

5.65%

Cap Rate

0.96

DSCR

$2,906

Rent

-$161

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

$2,906

Total Expenses

$3,067

Mortgage P&I

43%

$1,254

Property Taxes

11%

$329

Home Insurance

3%

$90

HOA

0%

$0

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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