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6880 Forestlawn Ct, Waterford, MI 48327

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $150k initial cash invested.

-14.54%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$4,187

Rent

-$1,812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,187 income − $5,999 expenses = $1,812 out of pocket

Income$4,187Out of Pocket$1,812Mortgage P&I$3,10374%Property Taxes$65916%Insurance$2285%Management$62815%CapEx$1674%Maintenance$1674%Other$1,04725%

Investment Breakdown

|

Purchase Price

$627k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$125k

Closing costs

1%

$6,266

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,187

Total Expenses

$5,999

Mortgage P&I

74%

$3,103

Property Taxes

16%

$659

Home Insurance

5%

$228

HOA

0%

$0

Property Management

15%

$628

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,047

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