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1337 Haines Rd, Lapeer, MI 48446

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Airbnb investment with a projected -13.83% first-year return on $113k initial cash invested.

-13.83%

Cash On Cash

2.7%

Cap Rate

0.46

DSCR

$2,298

Rent

-$1,297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,298 income − $3,595 expenses = $1,297 out of pocket

Income$2,298Out of Pocket$1,297Mortgage P&I$2,21897%Property Taxes$1165%Insurance$1587%Management$34515%CapEx$924%Maintenance$924%Other$57425%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$3,595

Mortgage P&I

97%

$2,218

Property Taxes

5%

$116

Home Insurance

7%

$158

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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