REI Lense

REI Lense

Unlock all features! Tap here to upgrade

15110 Drake St, Southgate, MI 48195

3 beds • 2 baths • 1600 sqft

Email

This property looks like a bad Airbnb investment with a projected -5.89% first-year return on $72,579 initial cash invested.

-5.89%

Cash On Cash

5.08%

Cap Rate

0.81

DSCR

$2,652

Rent

-$356

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,652 income − $3,008 expenses = $356 out of pocket

Income$2,652Out of Pocket$356Mortgage P&I$1,35051%Property Taxes$29411%Insurance$913%Management$39815%CapEx$1064%Maintenance$1064%Other$66325%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$3,008

Mortgage P&I

51%

$1,350

Property Taxes

11%

$294

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis