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759 Washington Rd, Grosse Pointe, MI 48230

3 beds • 3 baths • 2491 sqft

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This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $126k initial cash invested.

-14.94%

Cash On Cash

2.78%

Cap Rate

0.46

DSCR

$3,615

Rent

-$1,571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,615 income − $5,186 expenses = $1,571 out of pocket

Income$3,615Out of Pocket$1,571Mortgage P&I$2,62072%Property Taxes$62017%Insurance$2106%Management$54215%CapEx$1454%Maintenance$1454%Other$90425%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,152

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,615

Total Expenses

$5,186

Mortgage P&I

72%

$2,620

Property Taxes

17%

$620

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$542

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$904

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