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14813 Grandville Ave, Detroit, MI 48223

3 beds • 2 baths • 1285 sqft

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This property looks like a bad Airbnb investment with a projected -1.83% first-year return on $53,868 initial cash invested.

-1.83%

Cash On Cash

6.41%

Cap Rate

0.99

DSCR

$1,795

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,795 income − $1,877 expenses = $82 out of pocket

Income$1,795Out of Pocket$82Mortgage P&I$92351%Property Taxes$382%Insurance$543%Management$26915%CapEx$724%Maintenance$724%Other$44925%

Investment Breakdown

|

Purchase Price

$171k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,868

Downpayment

20%

$34,160

Closing costs

1%

$1,708

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,795

Total Expenses

$1,877

Mortgage P&I

51%

$923

Property Taxes

2%

$38

Home Insurance

3%

$54

HOA

0%

$0

Property Management

15%

$269

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$449

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