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53771 N Foster Rd, Chesterfield, MI 48051

3 beds • 3 baths • 2315 sqft

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This property looks like a bad Airbnb investment with a projected -9.9% first-year return on $110k initial cash invested.

-9.9%

Cash On Cash

3.79%

Cap Rate

0.64

DSCR

$3,167

Rent

-$909

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,167 income − $4,076 expenses = $909 out of pocket

Income$3,167Out of Pocket$909Mortgage P&I$2,16768%Property Taxes$2167%Insurance$1725%Management$47515%CapEx$1274%Maintenance$1274%Other$79225%

Investment Breakdown

|

Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,760

Closing costs

1%

$4,388

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,167

Total Expenses

$4,076

Mortgage P&I

68%

$2,167

Property Taxes

7%

$216

Home Insurance

5%

$172

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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