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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 -20.46% first-year return on $133k initial cash invested.

-20.46%

Cash On Cash

1.33%

Cap Rate

0.22

DSCR

$2,336

Rent

-$2,262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,336 income − $4,598 expenses = $2,262 out of pocket

Income$2,336Out of Pocket$2,262Mortgage P&I$2,776119%Property Taxes$44819%Insurance$25411%Management$35015%CapEx$934%Maintenance$934%Other$58425%

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

$2,336

Total Expenses

$4,598

Mortgage P&I

119%

$2,776

Property Taxes

19%

$448

Home Insurance

11%

$254

HOA

0%

$0

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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