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23541 Meadowlark Ave, Oak Park, MI 48237

3 beds • 2 baths • 1687 sqft

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This property looks like a bad Airbnb investment with a projected -28.83% first-year return on $73,503 initial cash invested.

-28.83%

Cash On Cash

-1.3%

Cap Rate

-0.2

DSCR

$368

Rent

-$1,766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$368 income − $2,134 expenses = $1,766 out of pocket

Income$368Out of Pocket$1,766Mortgage P&I$1,465398%Property Taxes$398108%Insurance$9426%Management$5515%CapEx$154%Maintenance$154%Other$9225%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,503

Downpayment

20%

$52,860

Closing costs

1%

$2,643

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$368

Total Expenses

$2,134

Mortgage P&I

398%

$1,465

Property Taxes

108%

$398

Home Insurance

26%

$94

HOA

0%

$0

Property Management

15%

$55

CapEx

4%

$15

Vacancy

0%

$0

Maintenance

4%

$15

Other

25%

$92

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