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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 2.69% first-year return on $67,308 initial cash invested.

2.69%

Cash On Cash

7.89%

Cap Rate

1.23

DSCR

$3,332

Rent

$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,332 income − $3,181 expenses = $151 cash flow

Income$3,332Mortgage P&I$1,26038%Property Taxes$2387%Insurance$843%Management$50015%CapEx$1334%Maintenance$1334%Other$83325%Cash Flow$151

Investment Breakdown

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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

$3,332

Total Expenses

$3,181

Mortgage P&I

38%

$1,260

Property Taxes

7%

$238

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$833

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