REI Lense

REI Lense

Unlock all features! Tap here to upgrade

5991 Bishop St, Detroit, MI 48224

3 beds • 2 baths • 1555 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.42% first-year return on $65,250 initial cash invested.

-6.42%

Cash On Cash

4.83%

Cap Rate

0.77

DSCR

$1,976

Rent

-$349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,976 income − $2,325 expenses = $349 out of pocket

Income$1,976Out of Pocket$349Mortgage P&I$1,17660%Property Taxes$1226%Insurance$794%Management$29615%CapEx$794%Maintenance$794%Other$49425%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,976

Total Expenses

$2,325

Mortgage P&I

60%

$1,176

Property Taxes

6%

$122

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$296

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$494

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis