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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 -9.28% first-year return on $55,590 initial cash invested.

-9.28%

Cash On Cash

3.96%

Cap Rate

0.61

DSCR

$1,485

Rent

-$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,485 income − $1,915 expenses = $430 out of pocket

Income$1,485Out of Pocket$430Mortgage P&I$96165%Property Taxes$17912%Insurance$634%Management$22315%CapEx$594%Maintenance$594%Other$37125%

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

$1,485

Total Expenses

$1,915

Mortgage P&I

65%

$961

Property Taxes

12%

$179

Home Insurance

4%

$63

HOA

0%

$0

Property Management

15%

$223

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$371

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