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30809 Leelane, Farmington Hills, MI 48336

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Airbnb investment with a projected -16.47% first-year return on $94,650 initial cash invested.

-16.47%

Cash On Cash

1.9%

Cap Rate

0.32

DSCR

$1,774

Rent

-$1,299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,774 income − $3,073 expenses = $1,299 out of pocket

Income$1,774Out of Pocket$1,299Mortgage P&I$1,805102%Property Taxes$28516%Insurance$1317%Management$26615%CapEx$714%Maintenance$714%Other$44425%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,774

Total Expenses

$3,073

Mortgage P&I

102%

$1,805

Property Taxes

16%

$285

Home Insurance

7%

$131

HOA

0%

$0

Property Management

15%

$266

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$444

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