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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 -16.15% first-year return on $79,740 initial cash invested.

-16.15%

Cash On Cash

1.97%

Cap Rate

0.33

DSCR

$1,993

Rent

-$1,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,993 income − $3,066 expenses = $1,073 out of pocket

Income$1,993Out of Pocket$1,073Mortgage P&I$1,47574%Property Taxes$52927%Insurance$1055%Management$29915%CapEx$804%Maintenance$804%Other$49825%

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

$1,993

Total Expenses

$3,066

Mortgage P&I

74%

$1,475

Property Taxes

27%

$529

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$299

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$498

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