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37953 Elmite St, Harrison Township, MI 48045

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Airbnb investment with a projected -11.41% first-year return on $99,879 initial cash invested.

-11.41%

Cash On Cash

3.39%

Cap Rate

0.57

DSCR

$2,770

Rent

-$950

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,770 income − $3,720 expenses = $950 out of pocket

Income$2,770Out of Pocket$950Mortgage P&I$1,93970%Property Taxes$31511%Insurance$1365%Management$41615%CapEx$1114%Maintenance$1114%Other$69225%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$3,720

Mortgage P&I

70%

$1,939

Property Taxes

11%

$315

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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