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59 McCoy Rd, Gaylord, MI 49735

3 beds • 2 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $76,800 initial cash invested.

-7.67%

Cash On Cash

4.21%

Cap Rate

0.71

DSCR

$2,048

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,048 income − $2,539 expenses = $491 out of pocket

Income$2,048Out of Pocket$491Mortgage P&I$1,39268%Property Taxes$663%Insurance$985%Management$30715%CapEx$824%Maintenance$824%Other$51225%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,048

Total Expenses

$2,539

Mortgage P&I

68%

$1,392

Property Taxes

3%

$66

Home Insurance

5%

$98

HOA

0%

$0

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$512

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