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19422 Garfield Ave, Redford, MI 48240

3 beds • 3 baths • 2418 sqft

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This property looks like a bad Airbnb investment with a projected -0.59% first-year return on $54,666 initial cash invested.

-0.59%

Cash On Cash

6.74%

Cap Rate

1.07

DSCR

$2,310

Rent

-$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,310 income − $2,337 expenses = $27 out of pocket

Income$2,310Out of Pocket$27Mortgage P&I$91640%Property Taxes$22510%Insurance$884%Management$34615%CapEx$924%Maintenance$924%Other$57825%

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,666

Downpayment

20%

$34,920

Closing costs

1%

$1,746

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,310

Total Expenses

$2,337

Mortgage P&I

40%

$916

Property Taxes

10%

$225

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$578

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