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21821 Concord St, Southfield, MI 48076

3 beds • 2 baths • 2132 sqft

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This property looks like a bad Airbnb investment with a projected -3.3% first-year return on $69,744 initial cash invested.

-3.3%

Cash On Cash

6.05%

Cap Rate

0.96

DSCR

$3,413

Rent

-$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,744

Downpayment

20%

$49,280

Closing costs

1%

$2,464

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,413

Total Expenses

$3,605

Mortgage P&I

38%

$1,297

Property Taxes

17%

$594

Home Insurance

2%

$75

HOA

0%

$0

Property Management

15%

$512

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$853

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