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23809 Normandy Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Airbnb investment with a projected -11.44% first-year return on $56,325 initial cash invested.

-11.44%

Cash On Cash

3.14%

Cap Rate

0.5

DSCR

$1,420

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,420 income − $1,957 expenses = $537 out of pocket

Income$1,420Out of Pocket$537Mortgage P&I$95867%Property Taxes$25318%Insurance$645%Management$21315%CapEx$574%Maintenance$574%Other$35525%

Investment Breakdown

|

Purchase Price

$183k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,325

Downpayment

20%

$36,500

Closing costs

1%

$1,825

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,420

Total Expenses

$1,957

Mortgage P&I

67%

$958

Property Taxes

18%

$253

Home Insurance

5%

$64

HOA

0%

$0

Property Management

15%

$213

CapEx

4%

$57

Vacancy

0%

$0

Maintenance

4%

$57

Other

25%

$355

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