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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 -13.56% first-year return on $69,135 initial cash invested.

-13.56%

Cash On Cash

2.87%

Cap Rate

0.45

DSCR

$1,912

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,912 income − $2,693 expenses = $781 out of pocket

Income$1,912Out of Pocket$781Mortgage P&I$1,28767%Property Taxes$40921%Insurance$804%Management$28715%CapEx$764%Maintenance$764%Other$47825%

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

$1,912

Total Expenses

$2,693

Mortgage P&I

67%

$1,287

Property Taxes

21%

$409

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$478

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