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42738 Wimbleton Way, Novi, MI 48377

3 beds • 3 baths • 2117 sqft

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This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $118k initial cash invested.

-16.09%

Cash On Cash

2.23%

Cap Rate

0.38

DSCR

$2,810

Rent

-$1,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,810 income − $4,387 expenses = $1,577 out of pocket

Income$2,810Out of Pocket$1,577Mortgage P&I$2,34583%Property Taxes$49918%Insurance$1686%HOA$271%Management$42215%CapEx$1124%Maintenance$1124%Other$70225%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,860

Closing costs

1%

$4,743

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,810

Total Expenses

$4,387

Mortgage P&I

83%

$2,345

Property Taxes

18%

$499

Home Insurance

6%

$168

HOA

1%

$27

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$702

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