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29915 Everett St, Southfield, MI 48076

3 beds • 2 baths • 2307 sqft

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This property looks like a bad Airbnb investment with a projected -2% first-year return on $72,579 initial cash invested.

-2%

Cash On Cash

5.98%

Cap Rate

1

DSCR

$2,942

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$3,063

Mortgage P&I

44%

$1,299

Property Taxes

9%

$260

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$441

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$736

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