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756 Great Oaks Dr, Bloomfield Hills, MI 48304

3 beds • 3 baths • 3511 sqft

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This property looks like a bad Airbnb investment with a projected -21.14% first-year return on $197k initial cash invested.

-21.14%

Cash On Cash

1.29%

Cap Rate

0.22

DSCR

$3,356

Rent

-$3,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,356 income − $6,818 expenses = $3,462 out of pocket

Income$3,356Out of Pocket$3,462Mortgage P&I$4,242126%Property Taxes$65820%Insurance$2989%HOA$10Management$50315%CapEx$1344%Maintenance$1344%Other$83925%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,356

Total Expenses

$6,818

Mortgage P&I

126%

$4,242

Property Taxes

20%

$658

Home Insurance

9%

$298

HOA

0%

$10

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$839

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