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38920 Lowell Ct, Sterling Heights, MI 48310

3 beds • 2 baths • 2416 sqft

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This property looks like a bad Airbnb investment with a projected -4.78% first-year return on $75,750 initial cash invested.

-4.78%

Cash On Cash

5.43%

Cap Rate

0.87

DSCR

$2,944

Rent

-$302

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,944 income − $3,246 expenses = $302 out of pocket

Income$2,944Out of Pocket$302Mortgage P&I$1,42849%Property Taxes$30810%Insurance$963%Management$44215%CapEx$1184%Maintenance$1184%Other$73625%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,944

Total Expenses

$3,246

Mortgage P&I

49%

$1,428

Property Taxes

10%

$308

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$736

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