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20905 Van Buren St, Southfield, MI 48033

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Airbnb investment with a projected -5.52% first-year return on $76,779 initial cash invested.

-5.52%

Cash On Cash

4.81%

Cap Rate

0.82

DSCR

$2,657

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,657 income − $3,010 expenses = $353 out of pocket

Income$2,657Out of Pocket$353Mortgage P&I$1,36851%Property Taxes$26910%Insurance$984%Management$39915%CapEx$1064%Maintenance$1064%Other$66425%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,657

Total Expenses

$3,010

Mortgage P&I

51%

$1,368

Property Taxes

10%

$269

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$664

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