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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 -16.86% first-year return on $79,572 initial cash invested.

-16.86%

Cash On Cash

1.56%

Cap Rate

0.26

DSCR

$1,216

Rent

-$1,118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,216 income − $2,334 expenses = $1,118 out of pocket

Income$1,216Out of Pocket$1,118Mortgage P&I$1,450119%Property Taxes$19516%Insurance$1059%Management$18215%CapEx$494%Maintenance$494%Other$30425%

Investment Breakdown

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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

$1,216

Total Expenses

$2,334

Mortgage P&I

119%

$1,450

Property Taxes

16%

$195

Home Insurance

9%

$105

HOA

0%

$0

Property Management

15%

$182

CapEx

4%

$49

Vacancy

0%

$0

Maintenance

4%

$49

Other

25%

$304

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