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50492 Alden Dr, Macomb, MI 48044

3 beds • 4 baths • 3496 sqft

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This property looks like a bad Airbnb investment with a projected -13.84% first-year return on $102k initial cash invested.

-13.84%

Cash On Cash

2.62%

Cap Rate

0.45

DSCR

$2,433

Rent

-$1,173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,433 income − $3,606 expenses = $1,173 out of pocket

Income$2,433Out of Pocket$1,173Mortgage P&I$1,94780%Property Taxes$33414%Insurance$1586%Management$36515%CapEx$974%Maintenance$974%Other$60825%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,720

Closing costs

1%

$3,986

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$3,606

Mortgage P&I

80%

$1,947

Property Taxes

14%

$334

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$365

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$608

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