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1881 Reidsview Dr, White Lake, MI 48383

3 beds • 4 baths • 4529 sqft

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This property looks like a bad Airbnb investment with a projected -26.79% first-year return on $227k initial cash invested.

-26.79%

Cash On Cash

0.04%

Cap Rate

0.01

DSCR

$3,662

Rent

-$5,074

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,662 income − $8,736 expenses = $5,074 out of pocket

Income$3,662Out of Pocket$5,074Mortgage P&I$4,964136%Property Taxes$1,38538%Insurance$63017%Management$54915%CapEx$1464%Maintenance$1464%Other$91625%

Investment Breakdown

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Purchase Price

$997k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$227k

Downpayment

20%

$199k

Closing costs

1%

$9,965

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,662

Total Expenses

$8,736

Mortgage P&I

136%

$4,964

Property Taxes

38%

$1,385

Home Insurance

17%

$630

HOA

0%

$0

Property Management

15%

$549

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$916

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