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629 Meridan St, Dearborn, MI 48124

3 beds • 2 baths • 2082 sqft

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This property looks like a bad Airbnb investment with a projected -5.78% first-year return on $86,229 initial cash invested.

-5.78%

Cash On Cash

5.09%

Cap Rate

0.83

DSCR

$3,373

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,373 income − $3,788 expenses = $415 out of pocket

Income$3,373Out of Pocket$415Mortgage P&I$1,65849%Property Taxes$39712%Insurance$1143%Management$50615%CapEx$1354%Maintenance$1354%Other$84325%

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,373

Total Expenses

$3,788

Mortgage P&I

49%

$1,658

Property Taxes

12%

$397

Home Insurance

3%

$114

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$843

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