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33882 Lipke St, Clinton Township, MI 48035

3 beds • 3 baths • 1623 sqft

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This property looks like a bad Airbnb investment with a projected -5.18% first-year return on $89,400 initial cash invested.

-5.18%

Cash On Cash

5.1%

Cap Rate

0.85

DSCR

$3,297

Rent

-$386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,297 income − $3,683 expenses = $386 out of pocket

Income$3,297Out of Pocket$386Mortgage P&I$1,69952%Property Taxes$2808%Insurance$1214%Management$49515%CapEx$1324%Maintenance$1324%Other$82425%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,297

Total Expenses

$3,683

Mortgage P&I

52%

$1,699

Property Taxes

8%

$280

Home Insurance

4%

$121

HOA

0%

$0

Property Management

15%

$495

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$824

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