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22616 Madison St, Saint Clair Shores, MI 48081

3 beds • 3 baths • 2564 sqft

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This property looks like a bad Airbnb investment with a projected -19.67% first-year return on $99,795 initial cash invested.

-19.67%

Cash On Cash

1.17%

Cap Rate

0.2

DSCR

$1,744

Rent

-$1,636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,795

Downpayment

20%

$77,900

Closing costs

1%

$3,895

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,744

Total Expenses

$3,380

Mortgage P&I

112%

$1,947

Property Taxes

25%

$440

Home Insurance

8%

$140

HOA

1%

$15

Property Management

15%

$262

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$436

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Perfect Birthday Get Away | Insta-Worthy

$3,468

$228

3

1.5

3.36 mi

3 bdr 2bth in quiet neighborhood

$1,278

$84

3

2.5

3.4 mi

SelfieBnb | Great for Content Creation & Selfies

$3,574

$235

3

1.5

3.26 mi

3 bdrm House near Dwntwn Detroit & St Clair Shores

$1,871

$123

3

1

0.9 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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