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24911 Cooke St, Dearborn, MI 48124

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -10.43% first-year return on $65,145 initial cash invested.

-10.43%

Cash On Cash

3.89%

Cap Rate

0.6

DSCR

$2,134

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,134 income − $2,700 expenses = $566 out of pocket

Income$2,134Out of Pocket$566Mortgage P&I$1,20857%Property Taxes$38818%Insurance$804%Management$32015%CapEx$854%Maintenance$854%Other$53425%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,145

Downpayment

20%

$44,900

Closing costs

1%

$2,245

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,134

Total Expenses

$2,700

Mortgage P&I

57%

$1,208

Property Taxes

18%

$388

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$534

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