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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 -6.45% first-year return on $51,747 initial cash invested.

-6.45%

Cash On Cash

4.64%

Cap Rate

0.74

DSCR

$1,483

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,483 income − $1,761 expenses = $278 out of pocket

Income$1,483Out of Pocket$278Mortgage P&I$84057%Property Taxes$1339%Insurance$775%Management$22215%CapEx$594%Maintenance$594%Other$37125%

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

$1,483

Total Expenses

$1,761

Mortgage P&I

57%

$840

Property Taxes

9%

$133

Home Insurance

5%

$77

HOA

0%

$0

Property Management

15%

$222

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$371

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