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15110 Drake St, Southgate, MI 48195

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -8.86% first-year return on $72,579 initial cash invested.

-8.86%

Cash On Cash

4.18%

Cap Rate

0.67

DSCR

$2,305

Rent

-$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $2,841 expenses = $536 out of pocket

Income$2,305Out of Pocket$536Mortgage P&I$1,35059%Property Taxes$29413%Insurance$914%Management$34615%CapEx$924%Maintenance$924%Other$57625%

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

$2,305

Total Expenses

$2,841

Mortgage P&I

59%

$1,350

Property Taxes

13%

$294

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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