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1265 Elm St, Wyandotte, MI 48192

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Airbnb investment with a projected -4.03% first-year return on $66,699 initial cash invested.

-4.03%

Cash On Cash

6%

Cap Rate

0.91

DSCR

$2,622

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,622 income − $2,846 expenses = $224 out of pocket

Income$2,622Out of Pocket$224Mortgage P&I$1,27849%Property Taxes$2188%Insurance$913%Management$39315%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,699

Downpayment

20%

$46,380

Closing costs

1%

$2,319

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,622

Total Expenses

$2,846

Mortgage P&I

49%

$1,278

Property Taxes

8%

$218

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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