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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 -18.55% first-year return on $115k initial cash invested.

-18.55%

Cash On Cash

1.76%

Cap Rate

0.29

DSCR

$2,692

Rent

-$1,785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,692 income − $4,477 expenses = $1,785 out of pocket

Income$2,692Out of Pocket$1,785Mortgage P&I$2,35788%Property Taxes$65224%Insurance$1757%Management$40415%CapEx$1084%Maintenance$1084%Other$67325%

Investment Breakdown

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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

$2,692

Total Expenses

$4,477

Mortgage P&I

88%

$2,357

Property Taxes

24%

$652

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$673

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