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8516 Perrin Ave, Westland, MI 48185

3 beds • 2 baths • 2067 sqft

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This property looks like a bad Airbnb investment with a projected -16.06% first-year return on $79,572 initial cash invested.

-16.06%

Cash On Cash

1.79%

Cap Rate

0.3

DSCR

$1,319

Rent

-$1,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,319 income − $2,384 expenses = $1,065 out of pocket

Income$1,319Out of Pocket$1,065Mortgage P&I$1,450110%Property Taxes$19515%Insurance$1058%Management$19815%CapEx$534%Maintenance$534%Other$33025%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,572

Downpayment

20%

$58,640

Closing costs

1%

$2,932

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,319

Total Expenses

$2,384

Mortgage P&I

110%

$1,450

Property Taxes

15%

$195

Home Insurance

8%

$105

HOA

0%

$0

Property Management

15%

$198

CapEx

4%

$53

Vacancy

0%

$0

Maintenance

4%

$53

Other

25%

$330

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