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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 -9.78% first-year return on $86,229 initial cash invested.

-9.78%

Cash On Cash

3.94%

Cap Rate

0.64

DSCR

$2,820

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $3,523 expenses = $703 out of pocket

Income$2,820Out of Pocket$703Mortgage P&I$1,65859%Property Taxes$39714%Insurance$1144%Management$42315%CapEx$1134%Maintenance$1134%Other$70525%

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

$2,820

Total Expenses

$3,523

Mortgage P&I

59%

$1,658

Property Taxes

14%

$397

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$705

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