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27342 Dover Ave, Warren, MI 48088

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Airbnb investment with a projected -7.84% first-year return on $63,696 initial cash invested.

-7.84%

Cash On Cash

4.64%

Cap Rate

0.72

DSCR

$2,048

Rent

-$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,048 income − $2,464 expenses = $416 out of pocket

Income$2,048Out of Pocket$416Mortgage P&I$1,17657%Property Taxes$22811%Insurance$774%Management$30715%CapEx$824%Maintenance$824%Other$51225%

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,696

Downpayment

20%

$43,520

Closing costs

1%

$2,176

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,048

Total Expenses

$2,464

Mortgage P&I

57%

$1,176

Property Taxes

11%

$228

Home Insurance

4%

$77

HOA

0%

$0

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$512

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