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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 -9.27% first-year return on $76,779 initial cash invested.

-9.27%

Cash On Cash

3.7%

Cap Rate

0.63

DSCR

$2,198

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $2,791 expenses = $593 out of pocket

Income$2,198Out of Pocket$593Mortgage P&I$1,36862%Property Taxes$26912%Insurance$984%Management$33015%CapEx$884%Maintenance$884%Other$55025%

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

$2,198

Total Expenses

$2,791

Mortgage P&I

62%

$1,368

Property Taxes

12%

$269

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$330

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$550

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