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29277 Merrick Ave, Warren, MI 48092

3 beds • 2 baths • 2295 sqft

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This property looks like a bad Airbnb investment with a projected -4.7% first-year return on $71,193 initial cash invested.

-4.7%

Cash On Cash

5.16%

Cap Rate

0.86

DSCR

$2,580

Rent

-$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,193

Downpayment

20%

$50,660

Closing costs

1%

$2,533

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,580

Total Expenses

$2,859

Mortgage P&I

49%

$1,266

Property Taxes

10%

$264

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$645

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