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8262 Vine Ave, Allen Park, MI 48101

3 beds • 2 baths • 2109 sqft

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This property looks like a bad Airbnb investment with a projected -3.96% first-year return on $73,650 initial cash invested.

-3.96%

Cash On Cash

5.28%

Cap Rate

0.9

DSCR

$2,822

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,822 income − $3,065 expenses = $243 out of pocket

Income$2,822Out of Pocket$243Mortgage P&I$1,29546%Property Taxes$32211%Insurance$933%Management$42315%CapEx$1134%Maintenance$1134%Other$70625%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,822

Total Expenses

$3,065

Mortgage P&I

46%

$1,295

Property Taxes

11%

$322

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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