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20514 Lochmoor St, Harper Woods, MI 48225

3 beds • 3 baths • 2380 sqft

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This property looks like a bad Airbnb investment with a projected -4.8% first-year return on $61,785 initial cash invested.

-4.8%

Cash On Cash

5.96%

Cap Rate

0.88

DSCR

$2,582

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,582 income − $2,829 expenses = $247 out of pocket

Income$2,582Out of Pocket$247Mortgage P&I$1,18046%Property Taxes$33713%Insurance$733%Management$38715%CapEx$1034%Maintenance$1034%Other$64625%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,785

Downpayment

20%

$41,700

Closing costs

1%

$2,085

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,582

Total Expenses

$2,829

Mortgage P&I

46%

$1,180

Property Taxes

13%

$337

Home Insurance

3%

$73

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$646

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