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7624 Gary Ave, Westland, MI 48185

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Airbnb investment with a projected -16.97% first-year return on $72,747 initial cash invested.

-16.97%

Cash On Cash

1.82%

Cap Rate

0.29

DSCR

$1,568

Rent

-$1,029

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,568 income − $2,597 expenses = $1,029 out of pocket

Income$1,568Out of Pocket$1,029Mortgage P&I$1,36287%Property Taxes$39625%Insurance$865%Management$23515%CapEx$634%Maintenance$634%Other$39225%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,747

Downpayment

20%

$52,140

Closing costs

1%

$2,607

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,568

Total Expenses

$2,597

Mortgage P&I

87%

$1,362

Property Taxes

25%

$396

Home Insurance

5%

$86

HOA

0%

$0

Property Management

15%

$235

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$392

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