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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 -18.95% first-year return on $72,747 initial cash invested.

-18.95%

Cash On Cash

1.23%

Cap Rate

0.2

DSCR

$1,338

Rent

-$1,149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,338 income − $2,487 expenses = $1,149 out of pocket

Income$1,338Out of Pocket$1,149Mortgage P&I$1,362102%Property Taxes$39630%Insurance$866%Management$20115%CapEx$544%Maintenance$544%Other$33425%

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

$1,338

Total Expenses

$2,487

Mortgage P&I

102%

$1,362

Property Taxes

30%

$396

Home Insurance

6%

$86

HOA

0%

$0

Property Management

15%

$201

CapEx

4%

$54

Vacancy

0%

$0

Maintenance

4%

$54

Other

25%

$334

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