REI Lense

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45021 Riverwoods Dr, Macomb, MI 48044

3 beds • 3 baths • 3013 sqft

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This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $137k initial cash invested.

-19.5%

Cash On Cash

1.35%

Cap Rate

0.23

DSCR

$2,652

Rent

-$2,221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$565k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,652

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$4,873

Mortgage P&I

104%

$2,749

Property Taxes

25%

$650

Home Insurance

8%

$201

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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