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243 W Webster St, Ferndale, MI 48220

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Airbnb investment with a projected -4.84% first-year return on $68,211 initial cash invested.

-4.84%

Cash On Cash

5.51%

Cap Rate

0.87

DSCR

$2,916

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $3,191 expenses = $275 out of pocket

Income$2,916Out of Pocket$275Mortgage P&I$1,25543%Property Taxes$44815%Insurance$883%Management$43715%CapEx$1174%Maintenance$1174%Other$72925%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,211

Downpayment

20%

$47,820

Closing costs

1%

$2,391

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$3,191

Mortgage P&I

43%

$1,255

Property Taxes

15%

$448

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$729

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