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5067 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 1884 sqft

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This property looks like a bad Airbnb investment with a projected -21.13% first-year return on $82,470 initial cash invested.

-21.13%

Cash On Cash

0.4%

Cap Rate

0.07

DSCR

$926

Rent

-$1,452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$926 income − $2,378 expenses = $1,452 out of pocket

Income$926Out of Pocket$1,452Mortgage P&I$1,518164%Property Taxes$28431%Insurance$13114%Management$13915%CapEx$374%Maintenance$374%Other$23225%

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$926

Total Expenses

$2,378

Mortgage P&I

164%

$1,518

Property Taxes

31%

$284

Home Insurance

14%

$131

HOA

0%

$0

Property Management

15%

$139

CapEx

4%

$37

Vacancy

0%

$0

Maintenance

4%

$37

Other

25%

$232

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