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1804 Andrew St SE, Kentwood, MI 49508

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Airbnb investment with a projected -18.27% first-year return on $87,300 initial cash invested.

-18.27%

Cash On Cash

1.63%

Cap Rate

0.26

DSCR

$1,616

Rent

-$1,329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $2,945 expenses = $1,329 out of pocket

Income$1,616Out of Pocket$1,329Mortgage P&I$1,713106%Property Taxes$33821%Insurance$1187%Management$24215%CapEx$654%Maintenance$654%Other$40425%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,616

Total Expenses

$2,945

Mortgage P&I

106%

$1,713

Property Taxes

21%

$338

Home Insurance

7%

$118

HOA

0%

$0

Property Management

15%

$242

CapEx

4%

$65

Vacancy

0%

$0

Maintenance

4%

$65

Other

25%

$404

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