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16840 Harrison St, Livonia, MI 48154

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Airbnb investment with a projected -3.83% first-year return on $75,729 initial cash invested.

-3.83%

Cash On Cash

5.33%

Cap Rate

0.91

DSCR

$2,879

Rent

-$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,729

Downpayment

20%

$54,980

Closing costs

1%

$2,749

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,879

Total Expenses

$3,121

Mortgage P&I

47%

$1,349

Property Taxes

10%

$294

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$432

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$720

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