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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 -14.09% first-year return on $94,650 initial cash invested.

-14.09%

Cash On Cash

2.56%

Cap Rate

0.43

DSCR

$2,133

Rent

-$1,111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,133 income − $3,244 expenses = $1,111 out of pocket

Income$2,133Out of Pocket$1,111Mortgage P&I$1,80585%Property Taxes$28513%Insurance$1316%Management$32015%CapEx$854%Maintenance$854%Other$53325%

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

$2,133

Total Expenses

$3,244

Mortgage P&I

85%

$1,805

Property Taxes

13%

$285

Home Insurance

6%

$131

HOA

0%

$0

Property Management

15%

$320

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$533

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