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2676 Lake Bluff Ter, Saint Joseph, MI 49085

3 beds • 4 baths • 2645 sqft

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This property looks like a bad Airbnb investment with a projected -1.28% first-year return on $112k initial cash invested.

-1.28%

Cash On Cash

6.09%

Cap Rate

1.04

DSCR

$4,999

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,999 income − $5,119 expenses = $120 out of pocket

Income$4,999Out of Pocket$120Mortgage P&I$2,19844%Property Taxes$3577%Insurance$1643%Management$75015%CapEx$2004%Maintenance$2004%Other$1,25025%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,840

Closing costs

1%

$4,492

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,999

Total Expenses

$5,119

Mortgage P&I

44%

$2,198

Property Taxes

7%

$357

Home Insurance

3%

$164

HOA

0%

$0

Property Management

15%

$750

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,250

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