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8439 Louise Ave, Allen Park, MI 48101

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Airbnb investment with a projected -2.43% first-year return on $64,137 initial cash invested.

-2.43%

Cash On Cash

5.75%

Cap Rate

0.98

DSCR

$2,718

Rent

-$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,718 income − $2,848 expenses = $130 out of pocket

Income$2,718Out of Pocket$130Mortgage P&I$1,07339%Property Taxes$35513%Insurance$1144%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,137

Downpayment

20%

$43,940

Closing costs

1%

$2,197

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,718

Total Expenses

$2,848

Mortgage P&I

39%

$1,073

Property Taxes

13%

$355

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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