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39629 Edgemont Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 2531 sqft

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This property looks like a bad Airbnb investment with a projected -1.13% first-year return on $92,592 initial cash invested.

-1.13%

Cash On Cash

6.21%

Cap Rate

1.05

DSCR

$4,324

Rent

-$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,592

Downpayment

20%

$71,040

Closing costs

1%

$3,552

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,324

Total Expenses

$4,411

Mortgage P&I

40%

$1,751

Property Taxes

11%

$458

Home Insurance

3%

$126

HOA

0%

$0

Property Management

15%

$649

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,081

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