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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 -7.03% first-year return on $51,747 initial cash invested.

-7.03%

Cash On Cash

4.44%

Cap Rate

0.71

DSCR

$1,439

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,439 income − $1,742 expenses = $303 out of pocket

Income$1,439Out of Pocket$303Mortgage P&I$84058%Property Taxes$1339%Insurance$775%Management$21615%CapEx$584%Maintenance$584%Other$36025%

Investment Breakdown

|

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

$1,439

Total Expenses

$1,742

Mortgage P&I

58%

$840

Property Taxes

9%

$133

Home Insurance

5%

$77

HOA

0%

$0

Property Management

15%

$216

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$360

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