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6998 Meadowlake Rd, Bloomfield Hills, MI 48301

3 beds • 2 baths • 3707 sqft

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This property looks like a bad Airbnb investment with a projected -21.65% first-year return on $140k initial cash invested.

-21.65%

Cash On Cash

0.93%

Cap Rate

0.16

DSCR

$2,438

Rent

-$2,526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $4,964 expenses = $2,526 out of pocket

Income$2,438Out of Pocket$2,526Mortgage P&I$2,877118%Property Taxes$68428%Insurance$2109%HOA$211%Management$36615%CapEx$984%Maintenance$984%Other$61025%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,811

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$4,964

Mortgage P&I

118%

$2,877

Property Taxes

28%

$684

Home Insurance

9%

$210

HOA

1%

$21

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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