REI Lense

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13042 Sioux, Redford, MI 48239

3 beds • 2 baths • 2103 sqft

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This property looks like a bad Airbnb investment with a projected -8.73% first-year return on $67,392 initial cash invested.

-8.73%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$2,452

Rent

-$490

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,392

Downpayment

20%

$47,040

Closing costs

1%

$2,352

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,452

Total Expenses

$2,942

Mortgage P&I

47%

$1,159

Property Taxes

21%

$508

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$613

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