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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 -13.46% first-year return on $108k initial cash invested.

-13.46%

Cash On Cash

2.89%

Cap Rate

0.48

DSCR

$2,717

Rent

-$1,213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,717 income − $3,930 expenses = $1,213 out of pocket

Income$2,717Out of Pocket$1,213Mortgage P&I$2,13779%Property Taxes$34813%Insurance$1405%Management$40815%CapEx$1094%Maintenance$1094%Other$67925%

Investment Breakdown

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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

$2,717

Total Expenses

$3,930

Mortgage P&I

79%

$2,137

Property Taxes

13%

$348

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$679

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