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9116 Hartwell St, Detroit, MI 48228

3 beds • 1 baths • 1072 sqft

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This property could be a profitable Airbnb investment with a projected 16.07% first-year return on $29,718 initial cash invested.

16.07%

Cash On Cash

16.28%

Cap Rate

2.7

DSCR

$1,978

Rent

$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$55,800

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,718

Downpayment

20%

$11,160

Closing costs

1%

$558

Rehab

0%

$0

Furnishing

32%

$18,000

Cashflow

Total Income

$1,978

Total Expenses

$1,580

Mortgage P&I

14%

$280

Property Taxes

17%

$327

Home Insurance

1%

$24

HOA

0%

$0

Property Management

15%

$297

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$494

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Warm & Cozy for the Holidays. 12 mins to Downtown.

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1

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1

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4

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2

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0.9 mi

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$2,850

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5

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2

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0.9 mi

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$285

5

4

0.6 mi

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$1,100

$110

2

1

0.9 mi

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$2,850

$285

5

4

0.6 mi

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