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18956 Marlowe St, Detroit, MI 48235

3 beds • 2 baths • 1593 sqft

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This property looks like a bad Airbnb investment with a projected -7.1% first-year return on $57,102 initial cash invested.

-7.1%

Cash On Cash

4.72%

Cap Rate

0.74

DSCR

$2,180

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$186k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,102

Downpayment

20%

$37,240

Closing costs

1%

$1,862

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,180

Total Expenses

$2,518

Mortgage P&I

45%

$983

Property Taxes

19%

$412

Home Insurance

4%

$77

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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