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4097 Cherry Garden Dr, Commerce Township, MI 48382
3 beds • 3 baths • 3195 sqft
$515,600
View on ZillowThis property looks like a bad Airbnb investment with a projected -3.41% first-year return on $126k initial cash invested.
-3.41%
Cash On Cash
5.55%
Cap Rate
0.94
DSCR
$5,195
Rent
-$359
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$516k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$126k
Downpayment
20%
$103k
Closing costs
1%
$5,156
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,195
Total Expenses
$5,554
Mortgage P&I
49%
$2,536
Property Taxes
7%
$349
Home Insurance
3%
$175
HOA
0%
$0
Property Management
15%
$779
CapEx
4%
$208
Vacancy
0%
$0
Maintenance
4%
$208
Other
25%
$1,299