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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 -22.3% first-year return on $128k initial cash invested.

-22.3%

Cash On Cash

0.95%

Cap Rate

0.15

DSCR

$2,128

Rent

-$2,384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,128 income − $4,512 expenses = $2,384 out of pocket

Income$2,128Out of Pocket$2,384Mortgage P&I$2,714128%Property Taxes$61129%Insurance$1668%Management$31915%CapEx$854%Maintenance$854%Other$53225%

Investment Breakdown

|

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

$2,128

Total Expenses

$4,512

Mortgage P&I

128%

$2,714

Property Taxes

29%

$611

Home Insurance

8%

$166

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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