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19422 Garfield Ave, Redford, MI 48240

3 beds • 3 baths • 2418 sqft

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This property could be a profitable Airbnb investment with a projected 11.48% first-year return on $54,666 initial cash invested.

11.48%

Cash On Cash

10.82%

Cap Rate

1.72

DSCR

$3,371

Rent

$523

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$3,371

Total Expenses

$2,848

Mortgage P&I

27%

$916

Property Taxes

7%

$225

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$843

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