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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 -14.48% first-year return on $111k initial cash invested.

-14.48%

Cash On Cash

2.82%

Cap Rate

0.46

DSCR

$2,955

Rent

-$1,340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,955 income − $4,295 expenses = $1,340 out of pocket

Income$2,955Out of Pocket$1,340Mortgage P&I$2,26277%Property Taxes$45615%Insurance$1595%Management$44315%CapEx$1184%Maintenance$1184%Other$73925%

Investment Breakdown

|

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

$2,955

Total Expenses

$4,295

Mortgage P&I

77%

$2,262

Property Taxes

15%

$456

Home Insurance

5%

$159

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$739

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