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316 Mohawk St, Dearborn, MI 48124

3 beds • 3 baths • 2185 sqft

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This property looks like a bad Airbnb investment with a projected -11.81% first-year return on $111k initial cash invested.

-11.81%

Cash On Cash

3.54%

Cap Rate

0.58

DSCR

$3,429

Rent

-$1,093

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,429 income − $4,522 expenses = $1,093 out of pocket

Income$3,429Out of Pocket$1,093Mortgage P&I$2,26266%Property Taxes$45613%Insurance$1595%Management$51415%CapEx$1374%Maintenance$1374%Other$85725%

Investment Breakdown

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Purchase Price

$443k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,620

Closing costs

1%

$4,431

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,429

Total Expenses

$4,522

Mortgage P&I

66%

$2,262

Property Taxes

13%

$456

Home Insurance

5%

$159

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$857

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