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54544 Waubay Dr, Macomb, MI 48042

3 beds • 4 baths • 3958 sqft

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This property looks like a bad Airbnb investment with a projected -8.79% first-year return on $122k initial cash invested.

-8.79%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$4,190

Rent

-$897

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,190 income − $5,087 expenses = $897 out of pocket

Income$4,190Out of Pocket$897Mortgage P&I$2,48659%Property Taxes$3629%Insurance$2105%HOA$17Management$62815%CapEx$1684%Maintenance$1684%Other$1,04825%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,420

Closing costs

1%

$4,971

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,190

Total Expenses

$5,087

Mortgage P&I

59%

$2,486

Property Taxes

9%

$362

Home Insurance

5%

$210

HOA

0%

$17

Property Management

15%

$628

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,048

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