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18708 Robson St, Detroit, MI 48235

3 beds • 2 baths • 2068 sqft

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This property could be a profitable Airbnb investment with a projected 11.24% first-year return on $53,700 initial cash invested.

11.24%

Cash On Cash

10.83%

Cap Rate

1.7

DSCR

$3,157

Rent

$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,157 income − $2,654 expenses = $503 cash flow

Income$3,157Mortgage P&I$90529%Property Taxes$1746%Insurance$602%Management$47415%CapEx$1264%Maintenance$1264%Other$78925%Cash Flow$503

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$3,157

Total Expenses

$2,654

Mortgage P&I

29%

$905

Property Taxes

6%

$174

Home Insurance

2%

$60

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$789

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