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1155 Cardinal Ct, Gaylord, MI 49735

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Airbnb investment with a projected -6.17% first-year return on $74,658 initial cash invested.

-6.17%

Cash On Cash

4.79%

Cap Rate

0.79

DSCR

$2,504

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,504 income − $2,888 expenses = $384 out of pocket

Income$2,504Out of Pocket$384Mortgage P&I$1,36254%Property Taxes$1867%Insurance$984%HOA$402%Management$37615%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,658

Downpayment

20%

$53,960

Closing costs

1%

$2,698

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,504

Total Expenses

$2,888

Mortgage P&I

54%

$1,362

Property Taxes

7%

$186

Home Insurance

4%

$98

HOA

2%

$40

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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