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5000 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 2150 sqft

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This property looks like a bad Airbnb investment with a projected -24.77% first-year return on $103k initial cash invested.

-24.77%

Cash On Cash

0.05%

Cap Rate

0.01

DSCR

$1,069

Rent

-$2,124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,069 income − $3,193 expenses = $2,124 out of pocket

Income$1,069Out of Pocket$2,124Mortgage P&I$2,099196%Property Taxes$44141%Insurance$14013%Management$16015%CapEx$434%Maintenance$434%Other$26725%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,840

Closing costs

1%

$4,042

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,069

Total Expenses

$3,193

Mortgage P&I

196%

$2,099

Property Taxes

41%

$441

Home Insurance

13%

$140

HOA

0%

$0

Property Management

15%

$160

CapEx

4%

$43

Vacancy

0%

$0

Maintenance

4%

$43

Other

25%

$267

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