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6428 Saline Dr, Waterford, MI 48329

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Airbnb investment with a projected -5.94% first-year return on $81,189 initial cash invested.

-5.94%

Cash On Cash

4.95%

Cap Rate

0.82

DSCR

$3,091

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,091 income − $3,493 expenses = $402 out of pocket

Income$3,091Out of Pocket$402Mortgage P&I$1,51949%Property Taxes$39313%Insurance$963%Management$46415%CapEx$1244%Maintenance$1244%Other$77325%

Investment Breakdown

|

Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,189

Downpayment

20%

$60,180

Closing costs

1%

$3,009

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,091

Total Expenses

$3,493

Mortgage P&I

49%

$1,519

Property Taxes

13%

$393

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$773

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