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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 -14.32% first-year return on $104k initial cash invested.

-14.32%

Cash On Cash

2.53%

Cap Rate

0.43

DSCR

$2,602

Rent

-$1,239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,602

Total Expenses

$3,841

Mortgage P&I

77%

$1,998

Property Taxes

17%

$448

Home Insurance

6%

$147

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$650

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