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21184 Norwood Dr, Harper Woods, MI 48225

3 beds • 2 baths • 2046 sqft

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This property looks like a bad Airbnb investment with a projected -13.31% first-year return on $62,730 initial cash invested.

-13.31%

Cash On Cash

2.86%

Cap Rate

0.46

DSCR

$2,224

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,730

Downpayment

20%

$42,600

Closing costs

1%

$2,130

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,224

Total Expenses

$2,920

Mortgage P&I

50%

$1,115

Property Taxes

30%

$662

Home Insurance

3%

$75

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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