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11363 Riverdale, Redford, MI 48239

3 beds • 2 baths • 1220 sqft

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This property looks like a bad Airbnb investment with a projected -22.39% first-year return on $66,069 initial cash invested.

-22.39%

Cash On Cash

0.37%

Cap Rate

0.06

DSCR

$1,451

Rent

-$1,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,451 income − $2,684 expenses = $1,233 out of pocket

Income$1,451Out of Pocket$1,233Mortgage P&I$1,24686%Property Taxes$66146%Insurance$806%Management$21815%CapEx$584%Maintenance$584%Other$36325%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,069

Downpayment

20%

$45,780

Closing costs

1%

$2,289

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,451

Total Expenses

$2,684

Mortgage P&I

86%

$1,246

Property Taxes

46%

$661

Home Insurance

6%

$80

HOA

0%

$0

Property Management

15%

$218

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$363

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