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1317 Windham St, Westland, MI 48186

3 beds • 2 baths • 2067 sqft

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This property looks like a bad Airbnb investment with a projected -4.65% first-year return on $69,135 initial cash invested.

-4.65%

Cash On Cash

5.59%

Cap Rate

0.88

DSCR

$2,900

Rent

-$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,900 income − $3,168 expenses = $268 out of pocket

Income$2,900Out of Pocket$268Mortgage P&I$1,28744%Property Taxes$40914%Insurance$803%Management$43515%CapEx$1164%Maintenance$1164%Other$72525%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,135

Downpayment

20%

$48,700

Closing costs

1%

$2,435

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,900

Total Expenses

$3,168

Mortgage P&I

44%

$1,287

Property Taxes

14%

$409

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$725

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