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1743 Michaywe Dr, Gaylord, MI 49735

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Airbnb investment with a projected -1% first-year return on $82,470 initial cash invested.

-1%

Cash On Cash

6.39%

Cap Rate

1.04

DSCR

$3,480

Rent

-$69

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,480 income − $3,549 expenses = $69 out of pocket

Income$3,480Out of Pocket$69Mortgage P&I$1,56545%Property Taxes$1675%Insurance$1073%HOA$401%Management$52215%CapEx$1394%Maintenance$1394%Other$87025%

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,480

Total Expenses

$3,549

Mortgage P&I

45%

$1,565

Property Taxes

5%

$167

Home Insurance

3%

$107

HOA

1%

$40

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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