REI Lense

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13139 Mulberry St, Southgate, MI 48195

3 beds • 3 baths • 1665 sqft

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This property looks like a bad Airbnb investment with a projected -4.47% first-year return on $86,145 initial cash invested.

-4.47%

Cash On Cash

5.24%

Cap Rate

0.88

DSCR

$3,359

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,145

Downpayment

20%

$64,900

Closing costs

1%

$3,245

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,359

Total Expenses

$3,680

Mortgage P&I

48%

$1,603

Property Taxes

10%

$349

Home Insurance

3%

$116

HOA

0%

$0

Property Management

15%

$504

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$840

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