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50800 Alden Dr, Macomb, MI 48044

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -25.51% first-year return on $110k initial cash invested.

-25.51%

Cash On Cash

-0.25%

Cap Rate

-0.04

DSCR

$846

Rent

-$2,337

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$846 income − $3,183 expenses = $2,337 out of pocket

Income$846Out of Pocket$2,337Mortgage P&I$2,210261%Property Taxes$40848%Insurance$15819%Management$12715%CapEx$344%Maintenance$344%Other$21225%

Investment Breakdown

|

Purchase Price

$438k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,560

Closing costs

1%

$4,378

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$846

Total Expenses

$3,183

Mortgage P&I

261%

$2,210

Property Taxes

48%

$408

Home Insurance

19%

$158

HOA

0%

$0

Property Management

15%

$127

CapEx

4%

$34

Vacancy

0%

$0

Maintenance

4%

$34

Other

25%

$212

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