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22806 Carleton Ave, Southfield, MI 48033

3 beds • 2 baths • 1712 sqft

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This property looks like a bad Airbnb investment with a projected -17.23% first-year return on $71,823 initial cash invested.

-17.23%

Cash On Cash

2.02%

Cap Rate

0.31

DSCR

$2,164

Rent

-$1,031

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,164 income − $3,195 expenses = $1,031 out of pocket

Income$2,164Out of Pocket$1,031Mortgage P&I$1,37664%Property Taxes$69932%Insurance$804%Management$32515%CapEx$874%Maintenance$874%Other$54125%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,823

Downpayment

20%

$51,260

Closing costs

1%

$2,563

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,164

Total Expenses

$3,195

Mortgage P&I

64%

$1,376

Property Taxes

32%

$699

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$325

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$541

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