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1091 Plover Dr, Highland, MI 48357

3 beds • 3 baths • 2735 sqft

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This property looks like a bad Airbnb investment with a projected -17.54% first-year return on $122k initial cash invested.

-17.54%

Cash On Cash

1.89%

Cap Rate

0.32

DSCR

$2,325

Rent

-$1,782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,325 income − $4,107 expenses = $1,782 out of pocket

Income$2,325Out of Pocket$1,782Mortgage P&I$2,469106%Property Taxes$33414%Insurance$1737%HOA$151%Management$34915%CapEx$934%Maintenance$934%Other$58125%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,325

Total Expenses

$4,107

Mortgage P&I

106%

$2,469

Property Taxes

14%

$334

Home Insurance

7%

$173

HOA

1%

$15

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$581

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