REI Lense

REI Lense

Unlock all features! Tap here to upgrade

43243 Riverway Dr, Clinton Township, MI 48038

3 beds • 4 baths • 3865 sqft

Email

This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $119k initial cash invested.

-17.59%

Cash On Cash

1.78%

Cap Rate

0.3

DSCR

$2,613

Rent

-$1,745

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

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

$2,613

Total Expenses

$4,358

Mortgage P&I

90%

$2,352

Property Taxes

22%

$578

Home Insurance

6%

$164

HOA

0%

$9

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$653

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis