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2995 Beaumont Dr, Highland, MI 48356

3 beds • 2 baths • 2033 sqft

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This property looks like a bad Airbnb investment with a projected -4.59% first-year return on $74,280 initial cash invested.

-4.59%

Cash On Cash

5.06%

Cap Rate

0.86

DSCR

$2,657

Rent

-$284

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,657 income − $2,941 expenses = $284 out of pocket

Income$2,657Out of Pocket$284Mortgage P&I$1,30849%Property Taxes$2238%Insurance$1084%HOA$271%Management$39915%CapEx$1064%Maintenance$1064%Other$66425%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,280

Downpayment

20%

$53,600

Closing costs

1%

$2,680

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,657

Total Expenses

$2,941

Mortgage P&I

49%

$1,308

Property Taxes

8%

$223

Home Insurance

4%

$108

HOA

1%

$27

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$664

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