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5517 Starwood Dr, Commerce Township, MI 48382

3 beds • 3 baths • 2279 sqft

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This property looks like a bad Airbnb investment with a projected -0.53% first-year return on $95,406 initial cash invested.

-0.53%

Cash On Cash

6.73%

Cap Rate

1.07

DSCR

$4,618

Rent

-$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,618 income − $4,660 expenses = $42 out of pocket

Income$4,618Out of Pocket$42Mortgage P&I$1,92442%Property Taxes$3467%Insurance$1313%HOA$421%Management$69315%CapEx$1854%Maintenance$1854%Other$1,15425%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,406

Downpayment

20%

$73,720

Closing costs

1%

$3,686

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,618

Total Expenses

$4,660

Mortgage P&I

42%

$1,924

Property Taxes

7%

$346

Home Insurance

3%

$131

HOA

1%

$42

Property Management

15%

$693

CapEx

4%

$185

Vacancy

0%

$0

Maintenance

4%

$185

Other

25%

$1,154

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