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16354 Drake St, Southgate, MI 48195

3 beds • 2 baths • 2052 sqft

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This property might be a fair Airbnb investment with a projected 4.46% first-year return on $51,390 initial cash invested.

4.46%

Cash On Cash

8.66%

Cap Rate

1.37

DSCR

$3,009

Rent

$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,390

Downpayment

20%

$31,800

Closing costs

1%

$1,590

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$3,009

Total Expenses

$2,818

Mortgage P&I

28%

$836

Property Taxes

16%

$483

Home Insurance

2%

$56

HOA

0%

$0

Property Management

15%

$451

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$752

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