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642 W Maplehurst St, Ferndale, MI 48220

3 beds • 2 baths • 1961 sqft

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This property looks like a bad Airbnb investment with a projected -10.6% first-year return on $107k initial cash invested.

-10.6%

Cash On Cash

3.63%

Cap Rate

0.61

DSCR

$3,466

Rent

-$947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,466 income − $4,413 expenses = $947 out of pocket

Income$3,466Out of Pocket$947Mortgage P&I$2,09560%Property Taxes$50515%Insurance$1494%Management$52015%CapEx$1394%Maintenance$1394%Other$86625%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,466

Total Expenses

$4,413

Mortgage P&I

60%

$2,095

Property Taxes

15%

$505

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$866

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