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25390 Wixom Rd, Novi, MI 48374

3 beds • 3 baths • 3516 sqft

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This property looks like a bad Airbnb investment with a projected -24.49% first-year return on $97,422 initial cash invested.

-24.49%

Cash On Cash

-0.09%

Cap Rate

-0.02

DSCR

$1,821

Rent

-$1,988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,821 income − $3,809 expenses = $1,988 out of pocket

Income$1,821Out of Pocket$1,988Mortgage P&I$1,886104%Property Taxes$83446%Insurance$19211%HOA$231%Management$27315%CapEx$734%Maintenance$734%Other$45525%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,422

Downpayment

20%

$75,640

Closing costs

1%

$3,782

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,821

Total Expenses

$3,809

Mortgage P&I

104%

$1,886

Property Taxes

46%

$834

Home Insurance

11%

$192

HOA

1%

$23

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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