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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 -4.75% first-year return on $64,137 initial cash invested.

-4.75%

Cash On Cash

5.01%

Cap Rate

0.86

DSCR

$2,476

Rent

-$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,730 expenses = $254 out of pocket

Income$2,476Out of Pocket$254Mortgage P&I$1,07343%Property Taxes$35514%Insurance$1145%Management$37115%CapEx$994%Maintenance$994%Other$61925%

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

$2,476

Total Expenses

$2,730

Mortgage P&I

43%

$1,073

Property Taxes

14%

$355

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$619

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