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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 -8.43% first-year return on $111k initial cash invested.

-8.43%

Cash On Cash

4.56%

Cap Rate

0.73

DSCR

$4,093

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,093 income − $4,871 expenses = $778 out of pocket

Income$4,093Out of Pocket$778Mortgage P&I$2,29356%Property Taxes$46411%Insurance$1494%Management$61415%CapEx$1644%Maintenance$1644%Other$1,02325%

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

$4,093

Total Expenses

$4,871

Mortgage P&I

56%

$2,293

Property Taxes

11%

$464

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$614

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,023

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