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5256 Harvard Rd, Detroit, MI 48224

3 beds • 2 baths • 1923 sqft

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This property looks like a bad Airbnb investment with a projected -2.96% first-year return on $60,000 initial cash invested.

-2.96%

Cash On Cash

5.99%

Cap Rate

0.94

DSCR

$2,229

Rent

-$148

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

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,229

Total Expenses

$2,377

Mortgage P&I

47%

$1,057

Property Taxes

8%

$181

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$557

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