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20905 Van Buren St, Southfield, MI 48033

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -4.8% first-year return on $76,779 initial cash invested.

-4.8%

Cash On Cash

5.02%

Cap Rate

0.86

DSCR

$2,747

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,747

Total Expenses

$3,054

Mortgage P&I

50%

$1,368

Property Taxes

10%

$269

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$687

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