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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 -2.96% first-year return on $64,137 initial cash invested.

-2.96%

Cash On Cash

5.58%

Cap Rate

0.95

DSCR

$2,660

Rent

-$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,660

Total Expenses

$2,818

Mortgage P&I

40%

$1,073

Property Taxes

13%

$355

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$665

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