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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 -6.93% first-year return on $89,547 initial cash invested.

-6.93%

Cash On Cash

4.69%

Cap Rate

0.77

DSCR

$3,233

Rent

-$517

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,233 income − $3,750 expenses = $517 out of pocket

Income$3,233Out of Pocket$517Mortgage P&I$1,72053%Property Taxes$35811%Insurance$1214%Management$48515%CapEx$1294%Maintenance$1294%Other$80825%

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

$3,233

Total Expenses

$3,750

Mortgage P&I

53%

$1,720

Property Taxes

11%

$358

Home Insurance

4%

$121

HOA

0%

$0

Property Management

15%

$485

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$808

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