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28644 Grobbel Ave, Warren, MI 48092

3 beds • 2 baths • 2401 sqft

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This property looks like a bad Airbnb investment with a projected -10.76% first-year return on $80,979 initial cash invested.

-10.76%

Cash On Cash

3.35%

Cap Rate

0.57

DSCR

$2,131

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,857 expenses = $726 out of pocket

Income$2,131Out of Pocket$726Mortgage P&I$1,47869%Property Taxes$25112%Insurance$1055%Management$32015%CapEx$854%Maintenance$854%Other$53325%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,131

Total Expenses

$2,857

Mortgage P&I

69%

$1,478

Property Taxes

12%

$251

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$533

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