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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 -18.71% first-year return on $121k initial cash invested.

-18.71%

Cash On Cash

1.54%

Cap Rate

0.26

DSCR

$2,128

Rent

-$1,885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,128 income − $4,013 expenses = $1,885 out of pocket

Income$2,128Out of Pocket$1,885Mortgage P&I$2,428114%Property Taxes$39218%Insurance$1728%Management$31915%CapEx$854%Maintenance$854%Other$53225%

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

$2,128

Total Expenses

$4,013

Mortgage P&I

114%

$2,428

Property Taxes

18%

$392

Home Insurance

8%

$172

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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