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5358 S 49th Rd, Cadillac, MI 49601

3 beds • 4 baths • 2920 sqft

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This property looks like a bad Airbnb investment with a projected -15.72% first-year return on $119k initial cash invested.

-15.72%

Cash On Cash

2.42%

Cap Rate

0.4

DSCR

$2,799

Rent

-$1,553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,799 income − $4,352 expenses = $1,553 out of pocket

Income$2,799Out of Pocket$1,553Mortgage P&I$2,40686%Property Taxes$42915%Insurance$1736%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,780

Closing costs

1%

$4,789

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,799

Total Expenses

$4,352

Mortgage P&I

86%

$2,406

Property Taxes

15%

$429

Home Insurance

6%

$173

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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