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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 -15.93% first-year return on $90,387 initial cash invested.

-15.93%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$1,709

Rent

-$1,200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,909 expenses = $1,200 out of pocket

Income$1,709Out of Pocket$1,200Mortgage P&I$1,701100%Property Taxes$27016%Insurance$1197%Management$25615%CapEx$684%Maintenance$684%Other$42725%

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

$1,709

Total Expenses

$2,909

Mortgage P&I

100%

$1,701

Property Taxes

16%

$270

Home Insurance

7%

$119

HOA

0%

$0

Property Management

15%

$256

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$427

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