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45411 Halston Ct, Novi, MI 48374

3 beds • 3 baths • 3278 sqft

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This property looks like a bad Airbnb investment with a projected -31.46% first-year return on $160k initial cash invested.

-31.46%

Cash On Cash

-1.41%

Cap Rate

-0.24

DSCR

$697

Rent

-$4,201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$697 income − $4,898 expenses = $4,201 out of pocket

Income$697Out of Pocket$4,201Mortgage P&I$3,375484%Property Taxes$925133%Insurance$22933%HOA$345%Management$10515%CapEx$284%Maintenance$284%Other$17425%

Investment Breakdown

|

Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,774

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$697

Total Expenses

$4,898

Mortgage P&I

484%

$3,375

Property Taxes

133%

$925

Home Insurance

33%

$229

HOA

5%

$34

Property Management

15%

$105

CapEx

4%

$28

Vacancy

0%

$0

Maintenance

4%

$28

Other

25%

$174

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