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3210 Glendale St, Detroit, MI 48238

3 beds • 3 baths • 1862 sqft

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This property looks like a bad Airbnb investment with a projected -13.45% first-year return on $55,590 initial cash invested.

-13.45%

Cash On Cash

2.57%

Cap Rate

0.4

DSCR

$1,118

Rent

-$623

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,118 income − $1,741 expenses = $623 out of pocket

Income$1,118Out of Pocket$623Mortgage P&I$96186%Property Taxes$17916%Insurance$636%Management$16815%CapEx$454%Maintenance$454%Other$28025%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,118

Total Expenses

$1,741

Mortgage P&I

86%

$961

Property Taxes

16%

$179

Home Insurance

6%

$63

HOA

0%

$0

Property Management

15%

$168

CapEx

4%

$45

Vacancy

0%

$0

Maintenance

4%

$45

Other

25%

$280

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