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7070 Riverstone Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 2077 sqft

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This property looks like a bad Airbnb investment with a projected -9.44% first-year return on $103k initial cash invested.

-9.44%

Cash On Cash

3.94%

Cap Rate

0.67

DSCR

$3,686

Rent

-$808

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,680

Closing costs

1%

$4,034

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,686

Total Expenses

$4,494

Mortgage P&I

54%

$1,984

Property Taxes

16%

$584

Home Insurance

4%

$144

HOA

0%

$13

Property Management

15%

$553

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$922

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