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5991 Bishop St, Detroit, MI 48224

3 beds • 2 baths • 1555 sqft

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This property looks like a bad Airbnb investment with a projected -5.35% first-year return on $65,250 initial cash invested.

-5.35%

Cash On Cash

5.17%

Cap Rate

0.82

DSCR

$2,090

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,090 income − $2,381 expenses = $291 out of pocket

Income$2,090Out of Pocket$291Mortgage P&I$1,17656%Property Taxes$1226%Insurance$794%Management$31415%CapEx$844%Maintenance$844%Other$52225%

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

$2,090

Total Expenses

$2,381

Mortgage P&I

56%

$1,176

Property Taxes

6%

$122

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$522

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