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28300 Mackenzie Dr, Westland, MI 48185

3 beds • 2 baths • 1877 sqft

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This property looks like a bad Airbnb investment with a projected -1.04% first-year return on $68,190 initial cash invested.

-1.04%

Cash On Cash

6.17%

Cap Rate

1.05

DSCR

$2,971

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,971 income − $3,030 expenses = $59 out of pocket

Income$2,971Out of Pocket$59Mortgage P&I$1,16839%Property Taxes$34212%Insurance$933%Management$44615%CapEx$1194%Maintenance$1194%Other$74325%

Investment Breakdown

|

Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,971

Total Expenses

$3,030

Mortgage P&I

39%

$1,168

Property Taxes

12%

$342

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$743

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