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1662 Maryland Blvd, Birmingham, MI 48009

3 beds • 3 baths • 2321 sqft

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This property looks like a bad Airbnb investment with a projected -13.91% first-year return on $163k initial cash invested.

-13.91%

Cash On Cash

2.9%

Cap Rate

0.5

DSCR

$4,921

Rent

-$1,884

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$688k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,884

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,921

Total Expenses

$6,805

Mortgage P&I

68%

$3,348

Property Taxes

17%

$827

Home Insurance

5%

$268

HOA

0%

$0

Property Management

15%

$738

CapEx

4%

$197

Vacancy

0%

$0

Maintenance

4%

$197

Other

25%

$1,230

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