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38604 Maes St, Westland, MI 48186

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -2.51% first-year return on $77,367 initial cash invested.

-2.51%

Cash On Cash

5.7%

Cap Rate

0.98

DSCR

$3,228

Rent

-$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,367

Downpayment

20%

$56,540

Closing costs

1%

$2,827

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$3,390

Mortgage P&I

43%

$1,375

Property Taxes

11%

$366

Home Insurance

3%

$100

HOA

0%

$0

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$807

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