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21305 Prestwick Ave, Harper Woods, MI 48225

3 beds • 2 baths • 1950 sqft

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This property looks like a bad Airbnb investment with a projected -7.22% first-year return on $56,871 initial cash invested.

-7.22%

Cash On Cash

4.75%

Cap Rate

0.74

DSCR

$2,128

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,128 income − $2,470 expenses = $342 out of pocket

Income$2,128Out of Pocket$342Mortgage P&I$99047%Property Taxes$39419%Insurance$653%Management$31915%CapEx$854%Maintenance$854%Other$53225%

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,871

Downpayment

20%

$37,020

Closing costs

1%

$1,851

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,128

Total Expenses

$2,470

Mortgage P&I

47%

$990

Property Taxes

19%

$394

Home Insurance

3%

$65

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$532

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