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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 -1.72% first-year return on $72,579 initial cash invested.

-1.72%

Cash On Cash

6.07%

Cap Rate

1.01

DSCR

$2,973

Rent

-$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,973 income − $3,077 expenses = $104 out of pocket

Income$2,973Out of Pocket$104Mortgage P&I$1,29944%Property Taxes$2609%Insurance$913%Management$44615%CapEx$1194%Maintenance$1194%Other$74325%

Investment Breakdown

|

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

$2,973

Total Expenses

$3,077

Mortgage P&I

44%

$1,299

Property Taxes

9%

$260

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$743

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