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656 S Chester St, Birmingham, MI 48009

3 beds • 3 baths • 1713 sqft

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This property looks like a bad Airbnb investment with a projected -9.35% first-year return on $144k initial cash invested.

-9.35%

Cash On Cash

3.99%

Cap Rate

0.68

DSCR

$4,933

Rent

-$1,120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,933 income − $6,053 expenses = $1,120 out of pocket

Income$4,933Out of Pocket$1,120Mortgage P&I$2,91359%Property Taxes$56311%Insurance$2104%Management$74015%CapEx$1974%Maintenance$1974%Other$1,23325%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,933

Total Expenses

$6,053

Mortgage P&I

59%

$2,913

Property Taxes

11%

$563

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$740

CapEx

4%

$197

Vacancy

0%

$0

Maintenance

4%

$197

Other

25%

$1,233

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