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9424 Allen Rd, Allen Park, MI 48101

3 beds • 2 baths • 2347 sqft

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This property looks like a bad Airbnb investment with a projected -9.04% first-year return on $73,839 initial cash invested.

-9.04%

Cash On Cash

3.84%

Cap Rate

0.65

DSCR

$2,672

Rent

-$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,672 income − $3,228 expenses = $556 out of pocket

Income$2,672Out of Pocket$556Mortgage P&I$1,29949%Property Taxes$53220%Insurance$1144%Management$40115%CapEx$1074%Maintenance$1074%Other$66825%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,839

Downpayment

20%

$53,180

Closing costs

1%

$2,659

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,672

Total Expenses

$3,228

Mortgage P&I

49%

$1,299

Property Taxes

20%

$532

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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