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13477 Vernon Ave, Warren, MI 48089

4 beds • 2 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -1.75% first-year return on $63,249 initial cash invested.

-1.75%

Cash On Cash

6.27%

Cap Rate

0.99

DSCR

$2,180

Rent

-$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$187k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,249

Downpayment

20%

$37,380

Closing costs

1%

$1,869

Rehab

0%

$0

Furnishing

13%

$24,000

Cashflow

Total Income

$2,180

Total Expenses

$2,272

Mortgage P&I

45%

$982

Property Taxes

8%

$178

Home Insurance

3%

$66

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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