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27445 Buckingham St, Livonia, MI 48154

3 beds • 3 baths • 1972 sqft

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This property looks like a bad Airbnb investment with a projected -8.63% first-year return on $77,430 initial cash invested.

-8.63%

Cash On Cash

3.96%

Cap Rate

0.67

DSCR

$2,371

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,371 income − $2,928 expenses = $557 out of pocket

Income$2,371Out of Pocket$557Mortgage P&I$1,39559%Property Taxes$29412%Insurance$1004%Management$35615%CapEx$954%Maintenance$954%Other$59325%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,430

Downpayment

20%

$56,600

Closing costs

1%

$2,830

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,371

Total Expenses

$2,928

Mortgage P&I

59%

$1,395

Property Taxes

12%

$294

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$356

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$593

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