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45850 Private Shore Dr, Chesterfield, MI 48047

3 beds • 3 baths • 3500 sqft

$1,399,900

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This property looks like a bad Airbnb investment with a projected -29.8% first-year return on $312k initial cash invested.

-29.8%

Cash On Cash

-0.42%

Cap Rate

-0.07

DSCR

$944

Rent

-$7,747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$944 income − $8,691 expenses = $7,747 out of pocket

Income$944Out of Pocket$7,747Mortgage P&I$7,215764%Property Taxes$52255%Insurance$49052%HOA$101%Management$14215%CapEx$384%Maintenance$384%Other$23625%

Investment Breakdown

|

Purchase Price

$1400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$13,999

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$944

Total Expenses

$8,691

Mortgage P&I

764%

$7,215

Property Taxes

55%

$522

Home Insurance

52%

$490

HOA

1%

$10

Property Management

15%

$142

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$236

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