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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 -18.15% first-year return on $79,740 initial cash invested.

-18.15%

Cash On Cash

1.38%

Cap Rate

0.23

DSCR

$1,739

Rent

-$1,206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,739 income − $2,945 expenses = $1,206 out of pocket

Income$1,739Out of Pocket$1,206Mortgage P&I$1,47585%Property Taxes$52930%Insurance$1056%Management$26115%CapEx$704%Maintenance$704%Other$43525%

Investment Breakdown

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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

$1,739

Total Expenses

$2,945

Mortgage P&I

85%

$1,475

Property Taxes

30%

$529

Home Insurance

6%

$105

HOA

0%

$0

Property Management

15%

$261

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$435

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