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48626 Thorncroft Dr, Macomb, MI 48044

3 beds • 4 baths • 3988 sqft

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This property looks like a bad Airbnb investment with a projected -14.92% first-year return on $118k initial cash invested.

-14.92%

Cash On Cash

2.55%

Cap Rate

0.43

DSCR

$2,745

Rent

-$1,464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,745 income − $4,209 expenses = $1,464 out of pocket

Income$2,745Out of Pocket$1,464Mortgage P&I$2,36286%Property Taxes$34813%Insurance$1666%HOA$151%Management$41215%CapEx$1104%Maintenance$1104%Other$68625%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,745

Total Expenses

$4,209

Mortgage P&I

86%

$2,362

Property Taxes

13%

$348

Home Insurance

6%

$166

HOA

1%

$15

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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