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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 -0.25% first-year return on $95,406 initial cash invested.

-0.25%

Cash On Cash

6.8%

Cap Rate

1.09

DSCR

$4,659

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,659 income − $4,679 expenses = $20 out of pocket

Income$4,659Out of Pocket$20Mortgage P&I$1,92441%Property Taxes$3467%Insurance$1313%HOA$421%Management$69915%CapEx$1864%Maintenance$1864%Other$1,16525%

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

$4,659

Total Expenses

$4,679

Mortgage P&I

41%

$1,924

Property Taxes

7%

$346

Home Insurance

3%

$131

HOA

1%

$42

Property Management

15%

$699

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,165

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