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8410 Northfield Blvd, Oak Park, MI 48237

3 beds • 2 baths • 2028 sqft

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This property looks like a bad Airbnb investment with a projected -3.13% first-year return on $71,634 initial cash invested.

-3.13%

Cash On Cash

5.5%

Cap Rate

0.94

DSCR

$2,738

Rent

-$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,634

Downpayment

20%

$51,080

Closing costs

1%

$2,554

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,738

Total Expenses

$2,925

Mortgage P&I

46%

$1,248

Property Taxes

10%

$266

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$684

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