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43243 Riverway Dr, Clinton Township, MI 48038

3 beds • 4 baths • 3865 sqft

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This property looks like a bad Airbnb investment with a projected -10.56% first-year return on $119k initial cash invested.

-10.56%

Cash On Cash

3.65%

Cap Rate

0.62

DSCR

$3,952

Rent

-$1,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,952 income − $5,000 expenses = $1,048 out of pocket

Income$3,952Out of Pocket$1,048Mortgage P&I$2,35260%Property Taxes$57815%Insurance$1644%HOA$9Management$59315%CapEx$1584%Maintenance$1584%Other$98825%

Investment Breakdown

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Purchase Price

$481k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,260

Closing costs

1%

$4,813

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,952

Total Expenses

$5,000

Mortgage P&I

60%

$2,352

Property Taxes

15%

$578

Home Insurance

4%

$164

HOA

0%

$9

Property Management

15%

$593

CapEx

4%

$158

Vacancy

0%

$0

Maintenance

4%

$158

Other

25%

$988

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