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6263 Pinewood Dr, Clarkston, MI 48346

3 beds • 3 baths • 2646 sqft

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This property looks like a bad Airbnb investment with a projected -9.75% first-year return on $111k initial cash invested.

-9.75%

Cash On Cash

4.2%

Cap Rate

0.67

DSCR

$3,856

Rent

-$900

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,856 income − $4,756 expenses = $900 out of pocket

Income$3,856Out of Pocket$900Mortgage P&I$2,29359%Property Taxes$46412%Insurance$1494%Management$57815%CapEx$1544%Maintenance$1544%Other$96425%

Investment Breakdown

|

Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,300

Closing costs

1%

$4,415

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,856

Total Expenses

$4,756

Mortgage P&I

59%

$2,293

Property Taxes

12%

$464

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$578

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$964

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