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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 -12.77% first-year return on $51,579 initial cash invested.

-12.77%

Cash On Cash

2.87%

Cap Rate

0.43

DSCR

$1,168

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,168 income − $1,717 expenses = $549 out of pocket

Income$1,168Out of Pocket$549Mortgage P&I$88476%Property Taxes$21618%Insurance$565%Management$17515%CapEx$474%Maintenance$474%Other$29225%

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

$1,168

Total Expenses

$1,717

Mortgage P&I

76%

$884

Property Taxes

18%

$216

Home Insurance

5%

$56

HOA

0%

$0

Property Management

15%

$175

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$292

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