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20271 Grandville Ave, Detroit, MI 48219

3 beds • 1 baths • 1994 sqft

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This property could be a profitable Airbnb investment with a projected 12.68% first-year return on $37,950 initial cash invested.

12.68%

Cash On Cash

12.14%

Cap Rate

2.01

DSCR

$2,063

Rent

$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$95,000

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,950

Downpayment

20%

$19,000

Closing costs

1%

$950

Rehab

0%

$0

Furnishing

19%

$18,000

Cashflow

Total Income

$2,063

Total Expenses

$1,662

Mortgage P&I

23%

$477

Property Taxes

8%

$161

Home Insurance

2%

$33

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$516

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