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8468 E Lippincott Blvd, Davison, MI 48423

3 beds • 2 baths • 2510 sqft

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This property looks like a bad Airbnb investment with a projected -10.83% first-year return on $76,422 initial cash invested.

-10.83%

Cash On Cash

3.46%

Cap Rate

0.57

DSCR

$2,191

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,191 income − $2,881 expenses = $690 out of pocket

Income$2,191Out of Pocket$690Mortgage P&I$1,40464%Property Taxes$32615%Insurance$984%Management$32915%CapEx$884%Maintenance$884%Other$54825%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,422

Downpayment

20%

$55,640

Closing costs

1%

$2,782

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,191

Total Expenses

$2,881

Mortgage P&I

64%

$1,404

Property Taxes

15%

$326

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$548

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