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13278 Veronica St, Southgate, MI 48195

3 beds • 2 baths • 2248 sqft

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This property looks like a bad Airbnb investment with a projected -8.4% first-year return on $66,426 initial cash invested.

-8.4%

Cash On Cash

4.32%

Cap Rate

0.69

DSCR

$2,160

Rent

-$465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,160 income − $2,625 expenses = $465 out of pocket

Income$2,160Out of Pocket$465Mortgage P&I$1,21056%Property Taxes$29714%Insurance$824%Management$32415%CapEx$864%Maintenance$864%Other$54025%

Investment Breakdown

|

Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,426

Downpayment

20%

$46,120

Closing costs

1%

$2,306

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,160

Total Expenses

$2,625

Mortgage P&I

56%

$1,210

Property Taxes

14%

$297

Home Insurance

4%

$82

HOA

0%

$0

Property Management

15%

$324

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$540

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