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21675 Outer Dr, Dearborn, MI 48124

3 beds • 2 baths • 2962 sqft

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This property looks like a bad Airbnb investment with a projected -14.2% first-year return on $104k initial cash invested.

-14.2%

Cash On Cash

2.57%

Cap Rate

0.44

DSCR

$2,624

Rent

-$1,229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $3,853 expenses = $1,229 out of pocket

Income$2,624Out of Pocket$1,229Mortgage P&I$1,99876%Property Taxes$44817%Insurance$1476%Management$39415%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

|

Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,760

Closing costs

1%

$4,088

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$3,853

Mortgage P&I

76%

$1,998

Property Taxes

17%

$448

Home Insurance

6%

$147

HOA

0%

$0

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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