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31656 Summers St, Livonia, MI 48154

3 beds • 2 baths • 2029 sqft

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This property looks like a bad Airbnb investment with a projected -9.61% first-year return on $92,550 initial cash invested.

-9.61%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$2,811

Rent

-$741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,811

Total Expenses

$3,552

Mortgage P&I

63%

$1,775

Property Taxes

11%

$304

Home Insurance

4%

$124

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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Comparable Property

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ADR

Beds

Baths

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2

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3

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3

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4

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1.3 mi

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2

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5

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2

1

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5

4

0.6 mi

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$1,100

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2

1

0.9 mi

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$2,850

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5

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0.6 mi

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