REI Lense

REI Lense

Unlock all features! Tap here to upgrade

14813 Grandville Ave, Detroit, MI 48223

3 beds • 2 baths • 1285 sqft

Email

This property looks like a bad Airbnb investment with a projected -3.83% first-year return on $53,868 initial cash invested.

-3.83%

Cash On Cash

5.73%

Cap Rate

0.88

DSCR

$1,622

Rent

-$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,622 income − $1,794 expenses = $172 out of pocket

Income$1,622Out of Pocket$172Mortgage P&I$92357%Property Taxes$382%Insurance$543%Management$24315%CapEx$654%Maintenance$654%Other$40625%

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

$1,622

Total Expenses

$1,794

Mortgage P&I

57%

$923

Property Taxes

2%

$38

Home Insurance

3%

$54

HOA

0%

$0

Property Management

15%

$243

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$406

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis