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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 -22.79% first-year return on $78,354 initial cash invested.

-22.79%

Cash On Cash

-0.06%

Cap Rate

-0.01

DSCR

$746

Rent

-$1,488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$746 income − $2,234 expenses = $1,488 out of pocket

Income$746Out of Pocket$1,488Mortgage P&I$1,444194%Property Taxes$32744%Insurance$10514%Management$11215%CapEx$304%Maintenance$304%Other$18625%

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

$746

Total Expenses

$2,234

Mortgage P&I

194%

$1,444

Property Taxes

44%

$327

Home Insurance

14%

$105

HOA

0%

$0

Property Management

15%

$112

CapEx

4%

$30

Vacancy

0%

$0

Maintenance

4%

$30

Other

25%

$186

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