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23211 Rensselaer St, Oak Park, MI 48237

3 beds • 2 baths • 1438 sqft

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This property looks like a bad Airbnb investment with a projected -10.74% first-year return on $72,306 initial cash invested.

-10.74%

Cash On Cash

3.77%

Cap Rate

0.6

DSCR

$2,674

Rent

-$647

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$3,321

Mortgage P&I

51%

$1,353

Property Taxes

22%

$597

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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