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43316 Ashbury Dr, Novi, MI 48375

3 beds • 4 baths • 3026 sqft

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This property looks like a bad Airbnb investment with a projected -24.87% first-year return on $141k initial cash invested.

-24.87%

Cash On Cash

-0.01%

Cap Rate

0

DSCR

$1,764

Rent

-$2,921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,764 income − $4,685 expenses = $2,921 out of pocket

Income$1,764Out of Pocket$2,921Mortgage P&I$2,847161%Property Taxes$72741%Insurance$23613%HOA$272%Management$26515%CapEx$714%Maintenance$714%Other$44125%

Investment Breakdown

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Purchase Price

$585k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,854

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,764

Total Expenses

$4,685

Mortgage P&I

161%

$2,847

Property Taxes

41%

$727

Home Insurance

13%

$236

HOA

2%

$27

Property Management

15%

$265

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$441

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