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40127 Pallazo St, Clinton Township, MI 48038

3 beds • 2 baths • 1664 sqft

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This property looks like a bad Airbnb investment with a projected -17.22% first-year return on $90,450 initial cash invested.

-17.22%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$1,718

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,718 income − $3,016 expenses = $1,298 out of pocket

Income$1,718Out of Pocket$1,298Mortgage P&I$1,749102%Property Taxes$32019%Insurance$1217%Management$25815%CapEx$694%Maintenance$694%Other$43025%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,718

Total Expenses

$3,016

Mortgage P&I

102%

$1,749

Property Taxes

19%

$320

Home Insurance

7%

$121

HOA

0%

$0

Property Management

15%

$258

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$430

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