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2557 Chicago Rd, Warren, MI 48092

3 beds • 3 baths • 2339 sqft

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This property looks like a bad Airbnb investment with a projected -14.15% first-year return on $107k initial cash invested.

-14.15%

Cash On Cash

2.61%

Cap Rate

0.44

DSCR

$2,639

Rent

-$1,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,639 income − $3,904 expenses = $1,265 out of pocket

Income$2,639Out of Pocket$1,265Mortgage P&I$2,08579%Property Taxes$40215%Insurance$1496%Management$39615%CapEx$1064%Maintenance$1064%Other$66025%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,639

Total Expenses

$3,904

Mortgage P&I

79%

$2,085

Property Taxes

15%

$402

Home Insurance

6%

$149

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$660

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