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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 -3.74% first-year return on $82,470 initial cash invested.

-3.74%

Cash On Cash

5.6%

Cap Rate

0.92

DSCR

$3,120

Rent

-$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $3,377 expenses = $257 out of pocket

Income$3,120Out of Pocket$257Mortgage P&I$1,56550%Property Taxes$1675%Insurance$1073%HOA$401%Management$46815%CapEx$1254%Maintenance$1254%Other$78025%

Investment Breakdown

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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

$3,120

Total Expenses

$3,377

Mortgage P&I

50%

$1,565

Property Taxes

5%

$167

Home Insurance

3%

$107

HOA

1%

$40

Property Management

15%

$468

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$780

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