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1807 Seyburn St, Detroit, MI 48214

4 beds • 3 baths • 3135 sqft

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This property looks like a bad Airbnb investment with a projected -11.31% first-year return on $150k initial cash invested.

-11.31%

Cash On Cash

3.38%

Cap Rate

0.57

DSCR

$3,707

Rent

-$1,412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$3,707

Total Expenses

$5,119

Mortgage P&I

80%

$2,950

Property Taxes

5%

$180

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$556

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$927

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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4

2

0.13 mi

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4

3.5

0.63 mi

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$3,176

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4

2

0.45 mi

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$2,650

$242

4

2.5

0.15 mi

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$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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