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44831 Huntington Dr, Novi, MI 48375

3 beds • 2 baths • 1592 sqft

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This property looks like a bad Airbnb investment with a projected -24.29% first-year return on $109k initial cash invested.

-24.29%

Cash On Cash

0.08%

Cap Rate

0.01

DSCR

$1,217

Rent

-$2,210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,217 income − $3,427 expenses = $2,210 out of pocket

Income$1,217Out of Pocket$2,210Mortgage P&I$2,191180%Property Taxes$48440%Insurance$15713%HOA$101%Management$18315%CapEx$494%Maintenance$494%Other$30425%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,820

Closing costs

1%

$4,341

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,217

Total Expenses

$3,427

Mortgage P&I

180%

$2,191

Property Taxes

40%

$484

Home Insurance

13%

$157

HOA

1%

$10

Property Management

15%

$183

CapEx

4%

$49

Vacancy

0%

$0

Maintenance

4%

$49

Other

25%

$304

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