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This property looks like a bad Airbnb investment with a projected -6.74% first-year return on $75,624 initial cash invested.
-6.74%
Cash On Cash
4.6%
Cap Rate
0.77
DSCR
$2,575
Rent
-$425
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$274k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$75,624
Downpayment
20%
$54,880
Closing costs
1%
$2,744
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$2,575
Total Expenses
$3,000
Mortgage P&I
53%
$1,373
Property Taxes
12%
$302
Home Insurance
3%
$89
HOA
0%
$0
Property Management
15%
$386
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$644
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Modern Farmhouse of Westland | $2,154 | $120 | 3 | 1 | 0.91 mi |
Spacious cozy Home 15 min from DTW | $2,459 | $137 | 3 | 2 | 1.78 mi |
Charming Retreat w Fenced in Yard and Bonfire Pit | $2,835 | $158 | 3 | 1 | 1.05 mi |
Designer Detroit Retreat | 3BR w/ Game Room, EV | $3,194 | $178 | 3 | 1 | 1.3 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality