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43243 Riverway Dr, Clinton Township, MI 48038

3 beds • 4 baths • 3865 sqft

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This property looks like a bad Airbnb investment with a projected -16.24% first-year return on $119k initial cash invested.

-16.24%

Cash On Cash

2.13%

Cap Rate

0.36

DSCR

$2,869

Rent

-$1,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,869 income − $4,480 expenses = $1,611 out of pocket

Income$2,869Out of Pocket$1,611Mortgage P&I$2,35282%Property Taxes$57820%Insurance$1646%HOA$9Management$43015%CapEx$1154%Maintenance$1154%Other$71725%

Investment Breakdown

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Purchase Price

$481k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,260

Closing costs

1%

$4,813

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,869

Total Expenses

$4,480

Mortgage P&I

82%

$2,352

Property Taxes

20%

$578

Home Insurance

6%

$164

HOA

0%

$9

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$717

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