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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 -20.91% first-year return on $156k initial cash invested.

-20.91%

Cash On Cash

1.23%

Cap Rate

0.21

DSCR

$3,432

Rent

-$2,726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,432 income − $6,158 expenses = $2,726 out of pocket

Income$3,432Out of Pocket$2,726Mortgage P&I$3,26495%Property Taxes$1,01129%Insurance$2367%Management$51515%CapEx$1374%Maintenance$1374%Other$85825%

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

$3,432

Total Expenses

$6,158

Mortgage P&I

95%

$3,264

Property Taxes

29%

$1,011

Home Insurance

7%

$236

HOA

0%

$0

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$858

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