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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 -8.8% first-year return on $65,985 initial cash invested.

-8.8%

Cash On Cash

4.19%

Cap Rate

0.66

DSCR

$2,030

Rent

-$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,030

Total Expenses

$2,514

Mortgage P&I

59%

$1,201

Property Taxes

13%

$259

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$508

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