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38134 Ross St, Livonia, MI 48154

3 beds • 2 baths • 1619 sqft

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This property looks like a bad Airbnb investment with a projected -2.34% first-year return on $85,200 initial cash invested.

-2.34%

Cash On Cash

6.07%

Cap Rate

0.99

DSCR

$3,804

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,804 income − $3,970 expenses = $166 out of pocket

Income$3,804Out of Pocket$166Mortgage P&I$1,63343%Property Taxes$39910%Insurance$1123%Management$57115%CapEx$1524%Maintenance$1524%Other$95125%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,804

Total Expenses

$3,970

Mortgage P&I

43%

$1,633

Property Taxes

10%

$399

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$571

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$951

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