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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 -16.19% first-year return on $140k initial cash invested.

-16.19%

Cash On Cash

2.34%

Cap Rate

0.39

DSCR

$3,659

Rent

-$1,889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,659 income − $5,548 expenses = $1,889 out of pocket

Income$3,659Out of Pocket$1,889Mortgage P&I$2,87779%Property Taxes$68419%Insurance$2106%HOA$211%Management$54915%CapEx$1464%Maintenance$1464%Other$91525%

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

$3,659

Total Expenses

$5,548

Mortgage P&I

79%

$2,877

Property Taxes

19%

$684

Home Insurance

6%

$210

HOA

1%

$21

Property Management

15%

$549

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$915

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