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3788 Griffith Ave, Berkley, MI 48072

3 beds • 3 baths • 1734 sqft

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This property looks like a bad Airbnb investment with a projected -13.23% first-year return on $108k initial cash invested.

-13.23%

Cash On Cash

2.95%

Cap Rate

0.49

DSCR

$2,753

Rent

-$1,193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,753 income − $3,946 expenses = $1,193 out of pocket

Income$2,753Out of Pocket$1,193Mortgage P&I$2,13778%Property Taxes$34813%Insurance$1405%Management$41315%CapEx$1104%Maintenance$1104%Other$68825%

Investment Breakdown

|

Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,880

Closing costs

1%

$4,294

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,753

Total Expenses

$3,946

Mortgage P&I

78%

$2,137

Property Taxes

13%

$348

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$413

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$688

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