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5918 N Evangeline St, Dearborn Heights, MI 48127

3 beds • 4 baths • 3072 sqft

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This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $115k initial cash invested.

-13.38%

Cash On Cash

3.14%

Cap Rate

0.52

DSCR

$3,648

Rent

-$1,287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,648 income − $4,935 expenses = $1,287 out of pocket

Income$3,648Out of Pocket$1,287Mortgage P&I$2,35765%Property Taxes$65218%Insurance$1755%Management$54715%CapEx$1464%Maintenance$1464%Other$91225%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,820

Closing costs

1%

$4,641

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$4,935

Mortgage P&I

65%

$2,357

Property Taxes

18%

$652

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$547

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$912

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