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8433 Newells Ln, Portage, MI 49002

3 beds • 2 baths • 1821 sqft

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This property looks like a bad Airbnb investment with a projected -1.12% first-year return on $65,250 initial cash invested.

-1.12%

Cash On Cash

6.99%

Cap Rate

1.05

DSCR

$3,194

Rent

-$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,194 income − $3,255 expenses = $61 out of pocket

Income$3,194Out of Pocket$61Mortgage P&I$1,24339%Property Taxes$40013%Insurance$792%Management$47915%CapEx$1284%Maintenance$1284%Other$79825%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,194

Total Expenses

$3,255

Mortgage P&I

39%

$1,243

Property Taxes

13%

$400

Home Insurance

2%

$79

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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