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41585 Cherry Hill Rd, Canton, MI 48188

3 beds • 3 baths • 2053 sqft

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This property looks like a bad Airbnb investment with a projected -16.1% first-year return on $121k initial cash invested.

-16.1%

Cash On Cash

2.23%

Cap Rate

0.38

DSCR

$2,633

Rent

-$1,622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,633 income − $4,255 expenses = $1,622 out of pocket

Income$2,633Out of Pocket$1,622Mortgage P&I$2,42892%Property Taxes$39215%Insurance$1727%Management$39515%CapEx$1054%Maintenance$1054%Other$65825%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,980

Closing costs

1%

$4,899

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,633

Total Expenses

$4,255

Mortgage P&I

92%

$2,428

Property Taxes

15%

$392

Home Insurance

7%

$172

HOA

0%

$0

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$658

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