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3649 Wakefield Dr, Troy, MI 48083

4 beds • 2 baths • 2021 sqft

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This property looks like a bad Airbnb investment with a projected -9.89% first-year return on $118k initial cash invested.

-9.89%

Cash On Cash

3.8%

Cap Rate

0.63

DSCR

$3,859

Rent

-$969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$89,080

Closing costs

1%

$4,454

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$3,859

Total Expenses

$4,828

Mortgage P&I

58%

$2,227

Property Taxes

15%

$596

Home Insurance

4%

$150

HOA

0%

$3

Property Management

15%

$579

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$965

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