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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 -7.6% first-year return on $89,400 initial cash invested.

-7.6%

Cash On Cash

4.42%

Cap Rate

0.74

DSCR

$2,950

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,950 income − $3,516 expenses = $566 out of pocket

Income$2,950Out of Pocket$566Mortgage P&I$1,69958%Property Taxes$2809%Insurance$1214%Management$44215%CapEx$1184%Maintenance$1184%Other$73825%

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

$2,950

Total Expenses

$3,516

Mortgage P&I

58%

$1,699

Property Taxes

9%

$280

Home Insurance

4%

$121

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$738

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