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4424 W Outer Dr, Detroit, MI 48221

3 beds • 3 baths • 4169 sqft

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This property might be a fair Airbnb investment with a projected 3.78% first-year return on $59,979 initial cash invested.

3.78%

Cash On Cash

8.18%

Cap Rate

1.29

DSCR

$2,884

Rent

$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,884

Total Expenses

$2,695

Mortgage P&I

37%

$1,058

Property Taxes

6%

$183

Home Insurance

2%

$70

HOA

0%

$0

Property Management

15%

$433

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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