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6880 Forestlawn Ct, Waterford, MI 48327

3 beds • 2 baths • 1709 sqft

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This property looks like a bad Airbnb investment with a projected -15.51% first-year return on $150k initial cash invested.

-15.51%

Cash On Cash

2.54%

Cap Rate

0.43

DSCR

$3,953

Rent

-$1,934

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,953 income − $5,887 expenses = $1,934 out of pocket

Income$3,953Out of Pocket$1,934Mortgage P&I$3,10378%Property Taxes$65917%Insurance$2286%Management$59315%CapEx$1584%Maintenance$1584%Other$98825%

Investment Breakdown

|

Purchase Price

$627k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$125k

Closing costs

1%

$6,266

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,953

Total Expenses

$5,887

Mortgage P&I

79%

$3,103

Property Taxes

17%

$659

Home Insurance

6%

$228

HOA

0%

$0

Property Management

15%

$593

CapEx

4%

$158

Vacancy

0%

$0

Maintenance

4%

$158

Other

25%

$988

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