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7389 Oak Forest Dr, Clarkston, MI 48346

3 beds • 3 baths • 3505 sqft

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This property looks like a bad Airbnb investment with a projected -20.97% first-year return on $151k initial cash invested.

-20.97%

Cash On Cash

1.86%

Cap Rate

0.28

DSCR

$3,154

Rent

-$2,638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $5,792 expenses = $2,638 out of pocket

Income$3,154Out of Pocket$2,638Mortgage P&I$3,492111%Property Taxes$55918%Insurance$2287%Management$47315%CapEx$1264%Maintenance$1264%Other$78825%

Investment Breakdown

|

Purchase Price

$633k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,331

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$5,792

Mortgage P&I

111%

$3,492

Property Taxes

18%

$559

Home Insurance

7%

$228

HOA

0%

$0

Property Management

15%

$473

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$788

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