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32600 W Chicago St, Livonia, MI 48150

3 beds • 2 baths • 2155 sqft

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This property looks like a bad Airbnb investment with a projected -15.22% first-year return on $80,517 initial cash invested.

-15.22%

Cash On Cash

2.44%

Cap Rate

0.39

DSCR

$2,024

Rent

-$1,021

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $3,045 expenses = $1,021 out of pocket

Income$2,024Out of Pocket$1,021Mortgage P&I$1,54676%Property Taxes$42621%Insurance$1015%Management$30415%CapEx$814%Maintenance$814%Other$50625%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,517

Downpayment

20%

$59,540

Closing costs

1%

$2,977

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,024

Total Expenses

$3,045

Mortgage P&I

76%

$1,546

Property Taxes

21%

$426

Home Insurance

5%

$101

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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