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50053 Middle River Dr, Macomb, MI 48044

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -12.03% first-year return on $95,742 initial cash invested.

-12.03%

Cash On Cash

3.16%

Cap Rate

0.54

DSCR

$3,257

Rent

-$960

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,742

Downpayment

20%

$74,040

Closing costs

1%

$3,702

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,257

Total Expenses

$4,217

Mortgage P&I

55%

$1,806

Property Taxes

22%

$716

Home Insurance

4%

$131

HOA

0%

$1

Property Management

15%

$489

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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