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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 -22.69% first-year return on $197k initial cash invested.

-22.69%

Cash On Cash

0.9%

Cap Rate

0.15

DSCR

$2,869

Rent

-$3,716

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,869 income − $6,585 expenses = $3,716 out of pocket

Income$2,869Out of Pocket$3,716Mortgage P&I$4,242148%Property Taxes$65823%Insurance$29810%HOA$10Management$43015%CapEx$1154%Maintenance$1154%Other$71725%

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

$2,869

Total Expenses

$6,585

Mortgage P&I

148%

$4,242

Property Taxes

23%

$658

Home Insurance

10%

$298

HOA

0%

$10

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$717

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