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39629 Edgemont Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 2531 sqft

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This property looks like a bad Airbnb investment with a projected -7.18% first-year return on $92,592 initial cash invested.

-7.18%

Cash On Cash

4.51%

Cap Rate

0.76

DSCR

$3,425

Rent

-$554

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,425 income − $3,979 expenses = $554 out of pocket

Income$3,425Out of Pocket$554Mortgage P&I$1,75151%Property Taxes$45813%Insurance$1264%Management$51415%CapEx$1374%Maintenance$1374%Other$85625%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,592

Downpayment

20%

$71,040

Closing costs

1%

$3,552

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,425

Total Expenses

$3,979

Mortgage P&I

51%

$1,751

Property Taxes

13%

$458

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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