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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 -7.31% first-year return on $86,229 initial cash invested.

-7.31%

Cash On Cash

4.65%

Cap Rate

0.76

DSCR

$3,164

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,164 income − $3,689 expenses = $525 out of pocket

Income$3,164Out of Pocket$525Mortgage P&I$1,65852%Property Taxes$39713%Insurance$1144%Management$47515%CapEx$1274%Maintenance$1274%Other$79125%

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

$3,164

Total Expenses

$3,689

Mortgage P&I

52%

$1,658

Property Taxes

13%

$397

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$791

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