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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 -7.13% first-year return on $144k initial cash invested.

-7.13%

Cash On Cash

4.56%

Cap Rate

0.78

DSCR

$5,447

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$5,447

Total Expenses

$6,301

Mortgage P&I

53%

$2,913

Property Taxes

10%

$563

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$817

CapEx

4%

$218

Vacancy

0%

$0

Maintenance

4%

$218

Other

25%

$1,362

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