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31040 Champine St, Saint Clair Shores, MI 48082

4 beds • 3 baths • 2710 sqft

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This property looks like a bad Airbnb investment with a projected -8.83% first-year return on $97,479 initial cash invested.

-8.83%

Cash On Cash

3.92%

Cap Rate

0.65

DSCR

$2,797

Rent

-$717

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

7%

$24,000

Cashflow

Total Income

$2,797

Total Expenses

$3,514

Mortgage P&I

63%

$1,749

Property Taxes

11%

$300

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$699

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