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11120 Handel Ln, Davison, MI 48423

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -11.56% first-year return on $89,379 initial cash invested.

-11.56%

Cash On Cash

3.27%

Cap Rate

0.54

DSCR

$1,990

Rent

-$861

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,990 income − $2,851 expenses = $861 out of pocket

Income$1,990Out of Pocket$861Mortgage P&I$1,70886%Property Taxes$181%Insurance$1196%HOA$503%Management$29815%CapEx$804%Maintenance$804%Other$49825%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,990

Total Expenses

$2,851

Mortgage P&I

86%

$1,708

Property Taxes

1%

$18

Home Insurance

6%

$119

HOA

3%

$50

Property Management

15%

$298

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$498

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