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1333 Fontaine Ave, Madison Heights, MI 48071

3 beds • 3 baths • 1941 sqft

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This property looks like a bad Airbnb investment with a projected -11.75% first-year return on $83,142 initial cash invested.

-11.75%

Cash On Cash

3.16%

Cap Rate

0.53

DSCR

$2,532

Rent

-$814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $3,346 expenses = $814 out of pocket

Income$2,532Out of Pocket$814Mortgage P&I$1,53160%Property Taxes$49319%Insurance$1074%Management$38015%CapEx$1014%Maintenance$1014%Other$63325%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,142

Downpayment

20%

$62,040

Closing costs

1%

$3,102

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,532

Total Expenses

$3,346

Mortgage P&I

60%

$1,531

Property Taxes

19%

$493

Home Insurance

4%

$107

HOA

0%

$0

Property Management

15%

$380

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$633

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