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29571 Lori St, Livonia, MI 48154

3 beds • 2 baths • 2235 sqft

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This property looks like a bad Airbnb investment with a projected -10.31% first-year return on $85,872 initial cash invested.

-10.31%

Cash On Cash

3.61%

Cap Rate

0.6

DSCR

$2,395

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,395 income − $3,133 expenses = $738 out of pocket

Income$2,395Out of Pocket$738Mortgage P&I$1,61367%Property Taxes$25411%Insurance$1165%Management$35915%CapEx$964%Maintenance$964%Other$59925%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,872

Downpayment

20%

$64,640

Closing costs

1%

$3,232

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,395

Total Expenses

$3,133

Mortgage P&I

67%

$1,613

Property Taxes

11%

$254

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$599

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