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41220 Scarborough Ct, Clinton Township, MI 48038

3 beds • 4 baths • 3923 sqft

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This property looks like a bad Airbnb investment with a projected -15.17% first-year return on $123k initial cash invested.

-15.17%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$3,044

Rent

-$1,554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $4,598 expenses = $1,554 out of pocket

Income$3,044Out of Pocket$1,554Mortgage P&I$2,47181%Property Taxes$49016%Insurance$1756%Management$45715%CapEx$1224%Maintenance$1224%Other$76125%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,960

Closing costs

1%

$4,998

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$4,598

Mortgage P&I

81%

$2,471

Property Taxes

16%

$490

Home Insurance

6%

$175

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$761

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