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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 -7.3% first-year return on $76,800 initial cash invested.

-7.3%

Cash On Cash

4.32%

Cap Rate

0.72

DSCR

$2,095

Rent

-$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,095 income − $2,562 expenses = $467 out of pocket

Income$2,095Out of Pocket$467Mortgage P&I$1,39266%Property Taxes$663%Insurance$985%Management$31415%CapEx$844%Maintenance$844%Other$52425%

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

$2,095

Total Expenses

$2,562

Mortgage P&I

66%

$1,392

Property Taxes

3%

$66

Home Insurance

5%

$98

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$524

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