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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 -7.97% first-year return on $99,396 initial cash invested.
-7.97%
Cash On Cash
4.29%
Cap Rate
0.72
DSCR
$3,253
Rent
-$660
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,253 income − $3,913 expenses = $660 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
$3,253
Total Expenses
$3,913
Mortgage P&I
59%
$1,917
Property Taxes
8%
$260
Home Insurance
4%
$140
HOA
1%
$35
Property Management
15%
$488
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$813