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4031 Emerald Pines Dr, Commerce Township, MI 48390
3 beds • 2 baths • 1391 sqft
$387,600
View on ZillowThis property looks like a bad Airbnb investment with a projected -8.86% first-year return on $99,396 initial cash invested.
-8.86%
Cash On Cash
4.05%
Cap Rate
0.68
DSCR
$3,111
Rent
-$734
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,111 income − $3,845 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$388k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$99,396
Downpayment
20%
$77,520
Closing costs
1%
$3,876
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,111
Total Expenses
$3,845
Mortgage P&I
62%
$1,917
Property Taxes
8%
$260
Home Insurance
5%
$140
HOA
1%
$35
Property Management
15%
$467
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$778