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6564 Enchanted Dr, Ypsilanti, MI 48197

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Airbnb investment with a projected -18.85% first-year return on $91,647 initial cash invested.

-18.85%

Cash On Cash

1.3%

Cap Rate

0.22

DSCR

$1,733

Rent

-$1,440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,733 income − $3,173 expenses = $1,440 out of pocket

Income$1,733Out of Pocket$1,440Mortgage P&I$1,750101%Property Taxes$44926%Insurance$1267%HOA$171%Management$26015%CapEx$694%Maintenance$694%Other$43325%

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,647

Downpayment

20%

$70,140

Closing costs

1%

$3,507

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,733

Total Expenses

$3,173

Mortgage P&I

101%

$1,750

Property Taxes

26%

$449

Home Insurance

7%

$126

HOA

1%

$17

Property Management

15%

$260

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$433

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