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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 -5.46% first-year return on $74,658 initial cash invested.

-5.46%

Cash On Cash

5.01%

Cap Rate

0.83

DSCR

$2,590

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $2,930 expenses = $340 out of pocket

Income$2,590Out of Pocket$340Mortgage P&I$1,36253%Property Taxes$1867%Insurance$984%HOA$402%Management$38815%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

|

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

$2,590

Total Expenses

$2,930

Mortgage P&I

53%

$1,362

Property Taxes

7%

$186

Home Insurance

4%

$98

HOA

2%

$40

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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