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31602 Madison Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1465 sqft

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This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $99,123 initial cash invested.

-8.1%

Cash On Cash

4.42%

Cap Rate

0.73

DSCR

$3,273

Rent

-$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,273 income − $3,942 expenses = $669 out of pocket

Income$3,273Out of Pocket$669Mortgage P&I$1,96160%Property Taxes$2708%Insurance$1404%Management$49115%CapEx$1314%Maintenance$1314%Other$81825%

Investment Breakdown

|

Purchase Price

$386k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,123

Downpayment

20%

$77,260

Closing costs

1%

$3,863

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,273

Total Expenses

$3,942

Mortgage P&I

60%

$1,961

Property Taxes

8%

$270

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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