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9366 Warwick St, Detroit, MI 48228

3 beds • 2 baths • 1815 sqft

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This property might be a fair Airbnb investment with a projected 7.75% first-year return on $47,400 initial cash invested.

7.75%

Cash On Cash

9.89%

Cap Rate

1.53

DSCR

$2,361

Rent

$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,361 income − $2,055 expenses = $306 cash flow

Income$2,361Mortgage P&I$75432%Property Taxes$1205%Insurance$492%Management$35415%CapEx$944%Maintenance$944%Other$59025%Cash Flow$306

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,361

Total Expenses

$2,055

Mortgage P&I

32%

$754

Property Taxes

5%

$120

Home Insurance

2%

$49

HOA

0%

$0

Property Management

15%

$354

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$590

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