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317 Woodlake Dr, Brighton, MI 48116

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Airbnb investment with a projected -15.67% first-year return on $90,387 initial cash invested.

-15.67%

Cash On Cash

2.06%

Cap Rate

0.35

DSCR

$1,750

Rent

-$1,180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $2,930 expenses = $1,180 out of pocket

Income$1,750Out of Pocket$1,180Mortgage P&I$1,70197%Property Taxes$27015%Insurance$1197%Management$26215%CapEx$704%Maintenance$704%Other$43825%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,387

Downpayment

20%

$68,940

Closing costs

1%

$3,447

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,750

Total Expenses

$2,930

Mortgage P&I

97%

$1,701

Property Taxes

15%

$270

Home Insurance

7%

$119

HOA

0%

$0

Property Management

15%

$262

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$438

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