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4693 Forest Ave, Waterford, MI 48328

3 beds • 3 baths • 3245 sqft

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This property looks like a bad Airbnb investment with a projected -17.73% first-year return on $151k initial cash invested.

-17.73%

Cash On Cash

1.88%

Cap Rate

0.32

DSCR

$3,166

Rent

-$2,236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,166 income − $5,402 expenses = $2,236 out of pocket

Income$3,166Out of Pocket$2,236Mortgage P&I$3,10298%Property Taxes$54317%Insurance$2367%Management$47515%CapEx$1274%Maintenance$1274%Other$79225%

Investment Breakdown

|

Purchase Price

$635k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,348

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,166

Total Expenses

$5,402

Mortgage P&I

98%

$3,102

Property Taxes

17%

$543

Home Insurance

7%

$236

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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