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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 -25.65% first-year return on $103k initial cash invested.

-25.65%

Cash On Cash

-0.19%

Cap Rate

-0.03

DSCR

$926

Rent

-$2,199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$926 income − $3,125 expenses = $2,199 out of pocket

Income$926Out of Pocket$2,199Mortgage P&I$2,099227%Property Taxes$44148%Insurance$14015%Management$13915%CapEx$374%Maintenance$374%Other$23225%

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

$926

Total Expenses

$3,125

Mortgage P&I

227%

$2,099

Property Taxes

48%

$441

Home Insurance

15%

$140

HOA

0%

$0

Property Management

15%

$139

CapEx

4%

$37

Vacancy

0%

$0

Maintenance

4%

$37

Other

25%

$232

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