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2073 Kenneth Dr, Bay City, MI 48706

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Airbnb investment with a projected -13.48% first-year return on $69,723 initial cash invested.

-13.48%

Cash On Cash

3.04%

Cap Rate

0.47

DSCR

$1,668

Rent

-$783

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,668 income − $2,451 expenses = $783 out of pocket

Income$1,668Out of Pocket$783Mortgage P&I$1,33980%Property Taxes$22313%Insurance$885%Management$25015%CapEx$674%Maintenance$674%Other$41725%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,723

Downpayment

20%

$49,260

Closing costs

1%

$2,463

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,668

Total Expenses

$2,451

Mortgage P&I

80%

$1,339

Property Taxes

13%

$223

Home Insurance

5%

$88

HOA

0%

$0

Property Management

15%

$250

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$417

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