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15123 Hix St, Livonia, MI 48154

3 beds • 3 baths • 2002 sqft

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This property looks like a bad Airbnb investment with a projected -5.33% first-year return on $89,547 initial cash invested.

-5.33%

Cash On Cash

5.14%

Cap Rate

0.85

DSCR

$3,461

Rent

-$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,461 income − $3,859 expenses = $398 out of pocket

Income$3,461Out of Pocket$398Mortgage P&I$1,72050%Property Taxes$35810%Insurance$1213%Management$51915%CapEx$1384%Maintenance$1384%Other$86525%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,547

Downpayment

20%

$68,140

Closing costs

1%

$3,407

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,461

Total Expenses

$3,859

Mortgage P&I

50%

$1,720

Property Taxes

10%

$358

Home Insurance

4%

$121

HOA

0%

$0

Property Management

15%

$519

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$865

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