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11321 Lenore St, Redford, MI 48239

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Airbnb investment with a projected -12.82% first-year return on $65,985 initial cash invested.

-12.82%

Cash On Cash

2.94%

Cap Rate

0.47

DSCR

$1,606

Rent

-$705

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,606 income − $2,311 expenses = $705 out of pocket

Income$1,606Out of Pocket$705Mortgage P&I$1,20175%Property Taxes$25916%Insurance$805%Management$24115%CapEx$644%Maintenance$644%Other$40225%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,985

Downpayment

20%

$45,700

Closing costs

1%

$2,285

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,606

Total Expenses

$2,311

Mortgage P&I

75%

$1,201

Property Taxes

16%

$259

Home Insurance

5%

$80

HOA

0%

$0

Property Management

15%

$241

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$402

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