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38244 W Horseshoe Dr, Clinton Township, MI 48036

3 beds • 3 baths • 3602 sqft

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This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $128k initial cash invested.

-13.38%

Cash On Cash

3.3%

Cap Rate

0.53

DSCR

$3,965

Rent

-$1,430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,965 income − $5,395 expenses = $1,430 out of pocket

Income$3,965Out of Pocket$1,430Mortgage P&I$2,71468%Property Taxes$61115%Insurance$1664%Management$59515%CapEx$1594%Maintenance$1594%Other$99125%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,251

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,965

Total Expenses

$5,395

Mortgage P&I

68%

$2,714

Property Taxes

15%

$611

Home Insurance

4%

$166

HOA

0%

$0

Property Management

15%

$595

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$991

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