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2315 Laurel Ln, Midland, MI 48642

3 beds • 3 baths • 1296 sqft

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This property might be a fair Airbnb investment with a projected 3.71% first-year return on $67,308 initial cash invested.

3.71%

Cash On Cash

8.21%

Cap Rate

1.27

DSCR

$3,444

Rent

$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,444 income − $3,236 expenses = $208 cash flow

Income$3,444Mortgage P&I$1,26037%Property Taxes$2387%Insurance$842%Management$51715%CapEx$1384%Maintenance$1384%Other$86125%Cash Flow$208

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,308

Downpayment

20%

$46,960

Closing costs

1%

$2,348

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,444

Total Expenses

$3,236

Mortgage P&I

37%

$1,260

Property Taxes

7%

$238

Home Insurance

2%

$84

HOA

0%

$0

Property Management

15%

$517

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$861

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