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49202 Cheshire Ln, Canton, MI 48187

3 beds • 3 baths • 2242 sqft

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This property looks like a bad Airbnb investment with a projected -9.04% first-year return on $165k initial cash invested.

-9.04%

Cash On Cash

4.12%

Cap Rate

0.71

DSCR

$6,076

Rent

-$1,243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,076 income − $7,319 expenses = $1,243 out of pocket

Income$6,076Out of Pocket$1,243Mortgage P&I$3,40456%Property Taxes$75412%Insurance$2454%Management$91115%CapEx$2434%Maintenance$2434%Other$1,51925%

Investment Breakdown

|

Purchase Price

$700k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,999

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,076

Total Expenses

$7,319

Mortgage P&I

56%

$3,404

Property Taxes

12%

$754

Home Insurance

4%

$245

HOA

0%

$0

Property Management

15%

$911

CapEx

4%

$243

Vacancy

0%

$0

Maintenance

4%

$243

Other

25%

$1,519

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