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50965 Remar Farms Dr, Macomb, MI 48042

3 beds • 3 baths • 2080 sqft

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This property looks like a bad Airbnb investment with a projected -19.52% first-year return on $152k initial cash invested.

-19.52%

Cash On Cash

1.53%

Cap Rate

0.25

DSCR

$1,986

Rent

-$2,479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $4,465 expenses = $2,479 out of pocket

Income$1,986Out of Pocket$2,479Mortgage P&I$3,216162%Property Taxes$312%Insurance$22411%HOA$422%Management$29815%CapEx$794%Maintenance$794%Other$49625%

Investment Breakdown

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Purchase Price

$640k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,986

Total Expenses

$4,465

Mortgage P&I

162%

$3,216

Property Taxes

2%

$31

Home Insurance

11%

$224

HOA

2%

$42

Property Management

15%

$298

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$496

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