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21111 Lennon St, Harper Woods, MI 48225

3 beds • 3 baths • 2339 sqft

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This property looks like a bad Airbnb investment with a projected -15.17% first-year return on $72,600 initial cash invested.

-15.17%

Cash On Cash

1.95%

Cap Rate

0.33

DSCR

$1,768

Rent

-$918

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,768

Total Expenses

$2,686

Mortgage P&I

72%

$1,270

Property Taxes

27%

$476

Home Insurance

5%

$91

HOA

0%

$0

Property Management

15%

$265

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$442

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