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13042 Sioux, Redford, MI 48239

3 beds • 2 baths • 2103 sqft

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This property looks like a bad Airbnb investment with a projected -10.92% first-year return on $67,392 initial cash invested.

-10.92%

Cash On Cash

3.24%

Cap Rate

0.55

DSCR

$2,217

Rent

-$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $2,830 expenses = $613 out of pocket

Income$2,217Out of Pocket$613Mortgage P&I$1,15952%Property Taxes$50823%Insurance$984%Management$33315%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,392

Downpayment

20%

$47,040

Closing costs

1%

$2,352

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,217

Total Expenses

$2,830

Mortgage P&I

52%

$1,159

Property Taxes

23%

$508

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$333

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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