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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 -7.45% first-year return on $115k initial cash invested.

-7.45%

Cash On Cash

4.44%

Cap Rate

0.75

DSCR

$3,960

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,960 income − $4,674 expenses = $714 out of pocket

Income$3,960Out of Pocket$714Mortgage P&I$2,26757%Property Taxes$3519%Insurance$1564%Management$59415%CapEx$1584%Maintenance$1584%Other$99025%

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

$3,960

Total Expenses

$4,674

Mortgage P&I

57%

$2,267

Property Taxes

9%

$351

Home Insurance

4%

$156

HOA

0%

$0

Property Management

15%

$594

CapEx

4%

$158

Vacancy

0%

$0

Maintenance

4%

$158

Other

25%

$990

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