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17143 Coral Gables Ave, Southfield, MI 48076

4 beds • 3 baths • 2177 sqft

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This property looks like a bad Airbnb investment with a projected -8.65% first-year return on $125k initial cash invested.

-8.65%

Cash On Cash

4.12%

Cap Rate

0.69

DSCR

$3,721

Rent

-$899

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$95,980

Closing costs

1%

$4,799

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$3,721

Total Expenses

$4,620

Mortgage P&I

64%

$2,399

Property Taxes

7%

$267

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$558

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$930

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