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31118 Richland St, Livonia, MI 48150

3 beds • 2 baths • 2039 sqft

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This property looks like a bad Airbnb investment with a projected -22.65% first-year return on $78,354 initial cash invested.

-22.65%

Cash On Cash

-0.02%

Cap Rate

0

DSCR

$761

Rent

-$1,479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$761 income − $2,240 expenses = $1,479 out of pocket

Income$761Out of Pocket$1,479Mortgage P&I$1,444190%Property Taxes$32743%Insurance$10514%Management$11415%CapEx$304%Maintenance$304%Other$19025%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,354

Downpayment

20%

$57,480

Closing costs

1%

$2,874

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$761

Total Expenses

$2,240

Mortgage P&I

190%

$1,444

Property Taxes

43%

$327

Home Insurance

14%

$105

HOA

0%

$0

Property Management

15%

$114

CapEx

4%

$30

Vacancy

0%

$0

Maintenance

4%

$30

Other

25%

$190

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