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3136 Cherrytree Ln, Ann Arbor, MI 48108

3 beds • 2 baths • 2240 sqft

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This property could be a profitable Airbnb investment with a projected 12.55% first-year return on $86,250 initial cash invested.

12.55%

Cash On Cash

10.23%

Cap Rate

1.71

DSCR

$6,148

Rent

$902

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$6,148

Total Expenses

$5,246

Mortgage P&I

26%

$1,622

Property Taxes

9%

$559

Home Insurance

2%

$114

HOA

0%

$0

Property Management

15%

$922

CapEx

4%

$246

Vacancy

0%

$0

Maintenance

4%

$246

Other

25%

$1,537

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