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19338 Delaware Ave, Redford, MI 48240

3 beds • 4 baths • 2050 sqft

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This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $73,356 initial cash invested.

-19.71%

Cash On Cash

1.46%

Cap Rate

0.22

DSCR

$1,612

Rent

-$1,205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,612 income − $2,817 expenses = $1,205 out of pocket

Income$1,612Out of Pocket$1,205Mortgage P&I$1,46191%Property Taxes$49030%Insurance$936%Management$24215%CapEx$644%Maintenance$644%Other$40325%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,612

Total Expenses

$2,817

Mortgage P&I

91%

$1,461

Property Taxes

30%

$490

Home Insurance

6%

$93

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$403

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