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6112 Bemis Rd, Ypsilanti, MI 48197

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Airbnb investment with a projected -5.68% first-year return on $70,605 initial cash invested.

-5.68%

Cash On Cash

5.34%

Cap Rate

0.83

DSCR

$2,672

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,672 income − $3,006 expenses = $334 out of pocket

Income$2,672Out of Pocket$334Mortgage P&I$1,34150%Property Taxes$29411%Insurance$883%Management$40115%CapEx$1074%Maintenance$1074%Other$66825%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,605

Downpayment

20%

$50,100

Closing costs

1%

$2,505

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,672

Total Expenses

$3,006

Mortgage P&I

50%

$1,341

Property Taxes

11%

$294

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$401

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$668

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