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15423 Minock St, Detroit, MI 48223

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Airbnb investment with a projected -10.1% first-year return on $51,579 initial cash invested.

-10.1%

Cash On Cash

3.8%

Cap Rate

0.57

DSCR

$1,389

Rent

-$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,389 income − $1,823 expenses = $434 out of pocket

Income$1,389Out of Pocket$434Mortgage P&I$88464%Property Taxes$21616%Insurance$564%Management$20815%CapEx$564%Maintenance$564%Other$34725%

Investment Breakdown

|

Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,389

Total Expenses

$1,823

Mortgage P&I

64%

$884

Property Taxes

16%

$216

Home Insurance

4%

$56

HOA

0%

$0

Property Management

15%

$208

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$347

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