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11198 Horton Rd, Holly, MI 48442

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Airbnb investment with a projected -7.14% first-year return on $76,779 initial cash invested.

-7.14%

Cash On Cash

4.31%

Cap Rate

0.73

DSCR

$2,243

Rent

-$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,243 income − $2,700 expenses = $457 out of pocket

Income$2,243Out of Pocket$457Mortgage P&I$1,37361%Property Taxes$1527%Insurance$984%Management$33615%CapEx$904%Maintenance$904%Other$56125%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,243

Total Expenses

$2,700

Mortgage P&I

61%

$1,373

Property Taxes

7%

$152

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$561

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