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27216 Shiawassee Rd, Southfield, MI 48033

3 beds • 2 baths • 1953 sqft

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This property looks like a bad Airbnb investment with a projected -16.57% first-year return on $79,740 initial cash invested.

-16.57%

Cash On Cash

1.84%

Cap Rate

0.31

DSCR

$1,937

Rent

-$1,101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,937 income − $3,038 expenses = $1,101 out of pocket

Income$1,937Out of Pocket$1,101Mortgage P&I$1,47576%Property Taxes$52927%Insurance$1055%Management$29115%CapEx$774%Maintenance$774%Other$48425%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,937

Total Expenses

$3,038

Mortgage P&I

76%

$1,475

Property Taxes

27%

$529

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$291

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$484

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