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26137 Joy Rd, Dearborn Heights, MI 48127

3 beds • 2 baths • 1735 sqft

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This property looks like a bad Airbnb investment with a projected -19.68% first-year return on $97,800 initial cash invested.

-19.68%

Cash On Cash

1.32%

Cap Rate

0.21

DSCR

$1,475

Rent

-$1,604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,475 income − $3,079 expenses = $1,604 out of pocket

Income$1,475Out of Pocket$1,604Mortgage P&I$1,964133%Property Taxes$27419%Insurance$1339%Management$22115%CapEx$594%Maintenance$594%Other$36925%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,475

Total Expenses

$3,079

Mortgage P&I

133%

$1,964

Property Taxes

19%

$274

Home Insurance

9%

$133

HOA

0%

$0

Property Management

15%

$221

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$369

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