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2214 Wabash St, Detroit, MI 48216

3 beds • 2 baths • 1729 sqft

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This property might be a fair Airbnb investment with a projected 6.21% first-year return on $80,979 initial cash invested.

6.21%

Cash On Cash

8.99%

Cap Rate

1.36

DSCR

$4,363

Rent

$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,363 income − $3,944 expenses = $419 cash flow

Income$4,363Mortgage P&I$1,65338%Property Taxes$912%Insurance$1052%Management$65415%CapEx$1754%Maintenance$1754%Other$1,09125%Cash Flow$419

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,363

Total Expenses

$3,944

Mortgage P&I

38%

$1,653

Property Taxes

2%

$91

Home Insurance

2%

$105

HOA

0%

$0

Property Management

15%

$654

CapEx

4%

$175

Vacancy

0%

$0

Maintenance

4%

$175

Other

25%

$1,091

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