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18492 Snowden St, Detroit, MI 48235

3 beds • 2 baths • 2305 sqft

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This property could be a profitable Airbnb investment with a projected 16.82% first-year return on $40,869 initial cash invested.

16.82%

Cash On Cash

13.39%

Cap Rate

2.24

DSCR

$2,510

Rent

$573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$109k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,869

Downpayment

20%

$21,780

Closing costs

1%

$1,089

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$2,510

Total Expenses

$1,937

Mortgage P&I

22%

$542

Property Taxes

6%

$147

Home Insurance

2%

$44

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$628

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