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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 -11.14% first-year return on $65,145 initial cash invested.

-11.14%

Cash On Cash

3.66%

Cap Rate

0.57

DSCR

$2,058

Rent

-$605

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,058 income − $2,663 expenses = $605 out of pocket

Income$2,058Out of Pocket$605Mortgage P&I$1,20859%Property Taxes$38819%Insurance$804%Management$30915%CapEx$824%Maintenance$824%Other$51425%

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

$2,058

Total Expenses

$2,663

Mortgage P&I

59%

$1,208

Property Taxes

19%

$388

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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