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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 -5.45% first-year return on $71,970 initial cash invested.

-5.45%

Cash On Cash

4.81%

Cap Rate

0.82

DSCR

$2,590

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $2,917 expenses = $327 out of pocket

Income$2,590Out of Pocket$327Mortgage P&I$1,25448%Property Taxes$32913%Insurance$903%Management$38815%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

|

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

$2,590

Total Expenses

$2,917

Mortgage P&I

48%

$1,254

Property Taxes

13%

$329

Home Insurance

3%

$90

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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