Unlock all features! Tap here to upgrade
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 -3.89% first-year return on $126k initial cash invested.
-3.89%
Cash On Cash
5.43%
Cap Rate
0.92
DSCR
$5,099
Rent
-$409
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,099 income − $5,508 expenses = $409 out of pocket
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
$5,099
Total Expenses
$5,508
Mortgage P&I
50%
$2,536
Property Taxes
7%
$349
Home Insurance
3%
$175
HOA
0%
$0
Property Management
15%
$765
CapEx
4%
$204
Vacancy
0%
$0
Maintenance
4%
$204
Other
25%
$1,275