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3319 Valentine Rd, Lapeer, MI 48446

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Airbnb investment with a projected -5.34% first-year return on $68,757 initial cash invested.

-5.34%

Cash On Cash

5.37%

Cap Rate

0.84

DSCR

$2,336

Rent

-$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,336 income − $2,642 expenses = $306 out of pocket

Income$2,336Out of Pocket$306Mortgage P&I$1,29455%Property Taxes$1426%Insurance$864%Management$35015%CapEx$934%Maintenance$934%Other$58425%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,757

Downpayment

20%

$48,340

Closing costs

1%

$2,417

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,336

Total Expenses

$2,642

Mortgage P&I

55%

$1,294

Property Taxes

6%

$142

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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