REI Lense

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9578 Grayfield, Redford, MI 48239

3 beds • 2 baths • 2396 sqft

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This property looks like a bad Airbnb investment with a projected -1.48% first-year return on $51,747 initial cash invested.

-1.48%

Cash On Cash

6.36%

Cap Rate

1.01

DSCR

$1,897

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$161k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,747

Downpayment

20%

$32,140

Closing costs

1%

$1,607

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,897

Total Expenses

$1,961

Mortgage P&I

44%

$840

Property Taxes

7%

$133

Home Insurance

4%

$77

HOA

0%

$0

Property Management

15%

$285

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$474

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