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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 -17.53% first-year return on $72,747 initial cash invested.

-17.53%

Cash On Cash

1.65%

Cap Rate

0.26

DSCR

$1,501

Rent

-$1,063

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,501 income − $2,564 expenses = $1,063 out of pocket

Income$1,501Out of Pocket$1,063Mortgage P&I$1,36291%Property Taxes$39626%Insurance$866%Management$22515%CapEx$604%Maintenance$604%Other$37525%

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

$1,501

Total Expenses

$2,564

Mortgage P&I

91%

$1,362

Property Taxes

26%

$396

Home Insurance

6%

$86

HOA

0%

$0

Property Management

15%

$225

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$375

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