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21025 Indian St, Southfield, MI 48033

3 beds • 2 baths • 1656 sqft

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This property looks like a bad Airbnb investment with a projected -9.17% first-year return on $65,565 initial cash invested.

-9.17%

Cash On Cash

4.18%

Cap Rate

0.65

DSCR

$1,915

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,915 income − $2,416 expenses = $501 out of pocket

Income$1,915Out of Pocket$501Mortgage P&I$1,21363%Property Taxes$22011%Insurance$633%Management$28715%CapEx$774%Maintenance$774%Other$47925%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,565

Downpayment

20%

$45,300

Closing costs

1%

$2,265

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,915

Total Expenses

$2,416

Mortgage P&I

63%

$1,213

Property Taxes

11%

$220

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$479

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