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19422 Garfield Ave, Redford, MI 48240

3 beds • 3 baths • 2418 sqft

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This property might be a fair Airbnb investment with a projected 8.06% first-year return on $54,666 initial cash invested.

8.06%

Cash On Cash

9.66%

Cap Rate

1.53

DSCR

$3,069

Rent

$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,069 income − $2,702 expenses = $367 cash flow

Income$3,069Mortgage P&I$91630%Property Taxes$2257%Insurance$883%Management$46015%CapEx$1234%Maintenance$1234%Other$76725%Cash Flow$367

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

$3,069

Total Expenses

$2,702

Mortgage P&I

30%

$916

Property Taxes

7%

$225

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$767

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