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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 -6.76% first-year return on $144k initial cash invested.

-6.76%

Cash On Cash

4.66%

Cap Rate

0.8

DSCR

$5,529

Rent

-$810

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,529 income − $6,339 expenses = $810 out of pocket

Income$5,529Out of Pocket$810Mortgage P&I$2,91353%Property Taxes$56310%Insurance$2104%Management$82915%CapEx$2214%Maintenance$2214%Other$1,38225%

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

$5,529

Total Expenses

$6,339

Mortgage P&I

53%

$2,913

Property Taxes

10%

$563

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$829

CapEx

4%

$221

Vacancy

0%

$0

Maintenance

4%

$221

Other

25%

$1,382

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