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1118 Simcoe Ave, Flint, MI 48507

3 beds • 2 baths • 1160 sqft

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This property might be a fair Airbnb investment with a projected 7.84% first-year return on $33,204 initial cash invested.

7.84%

Cash On Cash

10.62%

Cap Rate

1.74

DSCR

$1,396

Rent

$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,396 income − $1,179 expenses = $217 cash flow

Income$1,396Mortgage P&I$36826%Property Taxes$997%Insurance$423%Management$20915%CapEx$564%Maintenance$564%Other$34925%Cash Flow$217

Investment Breakdown

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Purchase Price

$72,400

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,204

Downpayment

20%

$14,480

Closing costs

1%

$724

Rehab

0%

$0

Furnishing

25%

$18,000

Cashflow

Total Income

$1,396

Total Expenses

$1,179

Mortgage P&I

26%

$368

Property Taxes

7%

$99

Home Insurance

3%

$42

HOA

0%

$0

Property Management

15%

$209

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$349

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