REI Lense

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7035 Ten Hill Rd, West Bloomfield, MI 48322

3 beds • 3 baths • 3948 sqft

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This property looks like a bad Airbnb investment with a projected -24.28% first-year return on $190k initial cash invested.

-24.28%

Cash On Cash

0.42%

Cap Rate

0.07

DSCR

$3,254

Rent

-$3,854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$821k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$190k

Downpayment

20%

$164k

Closing costs

1%

$8,214

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,254

Total Expenses

$7,108

Mortgage P&I

123%

$4,014

Property Taxes

38%

$1,235

Home Insurance

9%

$297

HOA

0%

$0

Property Management

15%

$488

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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