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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 -18.03% first-year return on $104k initial cash invested.

-18.03%

Cash On Cash

1.52%

Cap Rate

0.26

DSCR

$1,988

Rent

-$1,560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $3,548 expenses = $1,560 out of pocket

Income$1,988Out of Pocket$1,560Mortgage P&I$1,998101%Property Taxes$44823%Insurance$1477%Management$29815%CapEx$804%Maintenance$804%Other$49725%

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

$1,988

Total Expenses

$3,548

Mortgage P&I

100%

$1,998

Property Taxes

23%

$448

Home Insurance

7%

$147

HOA

0%

$0

Property Management

15%

$298

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$497

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