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1385 Berkshire St, Westland, MI 48186

3 beds • 2 baths • 1098 sqft

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This property looks like a bad Airbnb investment with a projected -8.16% first-year return on $61,197 initial cash invested.

-8.16%

Cash On Cash

4.43%

Cap Rate

0.71

DSCR

$2,488

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,197

Downpayment

20%

$41,140

Closing costs

1%

$2,057

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,904

Mortgage P&I

43%

$1,076

Property Taxes

22%

$559

Home Insurance

3%

$74

HOA

0%

$0

Property Management

15%

$373

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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