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4461 Cordley Lake Rd, Pinckney, MI 48169

3 beds • 2 baths • 2186 sqft

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This property looks like a bad Airbnb investment with a projected -21.79% first-year return on $156k initial cash invested.

-21.79%

Cash On Cash

1.01%

Cap Rate

0.17

DSCR

$3,215

Rent

-$2,840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,215 income − $6,055 expenses = $2,840 out of pocket

Income$3,215Out of Pocket$2,840Mortgage P&I$3,264102%Property Taxes$1,01131%Insurance$2367%Management$48215%CapEx$1294%Maintenance$1294%Other$80425%

Investment Breakdown

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Purchase Price

$659k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$132k

Closing costs

1%

$6,592

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,215

Total Expenses

$6,055

Mortgage P&I

102%

$3,264

Property Taxes

31%

$1,011

Home Insurance

7%

$236

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$804

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