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2321 Oakman Blvd, Detroit, MI 48238

4 beds • 3 baths • 2238 sqft

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This property could be a profitable Airbnb investment with a projected 12.94% first-year return on $44,979 initial cash invested.

12.94%

Cash On Cash

12.82%

Cap Rate

2.16

DSCR

$2,222

Rent

$485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

24%

$24,000

Cashflow

Total Income

$2,222

Total Expenses

$1,737

Mortgage P&I

22%

$493

Property Taxes

6%

$142

Home Insurance

2%

$35

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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ADR

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2

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2

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5

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$1,100

$110

2

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0.9 mi

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$2,850

$285

5

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0.6 mi

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