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3566 South Blvd, Bloomfield Hills, MI 48304

3 beds • 3 baths • 2550 sqft

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This property looks like a bad Airbnb investment with a projected -6.43% first-year return on $115k initial cash invested.

-6.43%

Cash On Cash

4.72%

Cap Rate

0.8

DSCR

$4,151

Rent

-$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,151 income − $4,767 expenses = $616 out of pocket

Income$4,151Out of Pocket$616Mortgage P&I$2,26755%Property Taxes$3518%Insurance$1564%Management$62315%CapEx$1664%Maintenance$1664%Other$1,03825%

Investment Breakdown

|

Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,400

Closing costs

1%

$4,620

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,151

Total Expenses

$4,767

Mortgage P&I

55%

$2,267

Property Taxes

8%

$351

Home Insurance

4%

$156

HOA

0%

$0

Property Management

15%

$623

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,038

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