REI Lense

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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 -6.67% first-year return on $69,135 initial cash invested.

-6.67%

Cash On Cash

4.98%

Cap Rate

0.78

DSCR

$2,678

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,678

Total Expenses

$3,062

Mortgage P&I

48%

$1,287

Property Taxes

15%

$409

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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