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38487 River Park Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 3009 sqft

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This property looks like a bad Airbnb investment with a projected -15.53% first-year return on $115k initial cash invested.

-15.53%

Cash On Cash

2.25%

Cap Rate

0.39

DSCR

$2,767

Rent

-$1,486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,180

Closing costs

1%

$4,609

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,767

Total Expenses

$4,253

Mortgage P&I

81%

$2,241

Property Taxes

18%

$509

Home Insurance

6%

$164

HOA

0%

$10

Property Management

15%

$415

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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