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8908 Birkhill Dr, Sterling Heights, MI 48314

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Airbnb investment with a projected -5.23% first-year return on $81,756 initial cash invested.

-5.23%

Cash On Cash

5.03%

Cap Rate

0.85

DSCR

$3,097

Rent

-$356

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,097 income − $3,453 expenses = $356 out of pocket

Income$3,097Out of Pocket$356Mortgage P&I$1,50549%Property Taxes$36112%Insurance$1003%Management$46515%CapEx$1244%Maintenance$1244%Other$77425%

Investment Breakdown

|

Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,097

Total Expenses

$3,453

Mortgage P&I

49%

$1,505

Property Taxes

12%

$361

Home Insurance

3%

$100

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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