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315 Leroy St, Ferndale, MI 48220

3 beds • 2 baths • 2021 sqft

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This property looks like a bad Airbnb investment with a projected -11.41% first-year return on $91,899 initial cash invested.

-11.41%

Cash On Cash

3.45%

Cap Rate

0.57

DSCR

$3,080

Rent

-$874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,080 income − $3,954 expenses = $874 out of pocket

Income$3,080Out of Pocket$874Mortgage P&I$1,76357%Property Taxes$59119%Insurance$1224%Management$46215%CapEx$1234%Maintenance$1234%Other$77025%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,899

Downpayment

20%

$70,380

Closing costs

1%

$3,519

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,080

Total Expenses

$3,954

Mortgage P&I

57%

$1,763

Property Taxes

19%

$591

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$462

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$770

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