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45850 Private Shore Dr, Chesterfield, MI 48047

3 beds • 3 baths • 3500 sqft

$1,399,900

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This property looks like a bad Airbnb investment with a projected -30.5% first-year return on $312k initial cash invested.

-30.5%

Cash On Cash

-0.59%

Cap Rate

-0.1

DSCR

$593

Rent

-$7,929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$593 income − $8,522 expenses = $7,929 out of pocket

Income$593Out of Pocket$7,929Mortgage P&I$7,2151217%Property Taxes$52288%Insurance$49083%HOA$102%Management$8915%CapEx$244%Maintenance$244%Other$14825%

Investment Breakdown

|

Purchase Price

$1400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$13,999

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$593

Total Expenses

$8,522

Mortgage P&I

1217%

$7,215

Property Taxes

88%

$522

Home Insurance

83%

$490

HOA

2%

$10

Property Management

15%

$89

CapEx

4%

$24

Vacancy

0%

$0

Maintenance

4%

$24

Other

25%

$148

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