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54260 Nine Mile Rd, Northville, MI 48167

3 beds • 3 baths • 2500 sqft

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This property looks like a bad Airbnb investment with a projected -23.7% first-year return on $133k initial cash invested.

-23.7%

Cash On Cash

0.49%

Cap Rate

0.08

DSCR

$1,649

Rent

-$2,620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,649 income − $4,269 expenses = $2,620 out of pocket

Income$1,649Out of Pocket$2,620Mortgage P&I$2,776168%Property Taxes$44827%Insurance$25415%Management$24715%CapEx$664%Maintenance$664%Other$41225%

Investment Breakdown

|

Purchase Price

$546k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,459

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,649

Total Expenses

$4,269

Mortgage P&I

168%

$2,776

Property Taxes

27%

$448

Home Insurance

15%

$254

HOA

0%

$0

Property Management

15%

$247

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$412

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