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8659 Essex Ave, Warren, MI 48089

3 beds • 1 baths • 1034 sqft

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This property might be a fair Airbnb investment with a projected 3.64% first-year return on $51,453 initial cash invested.

3.64%

Cash On Cash

8.26%

Cap Rate

1.31

DSCR

$2,556

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,453

Downpayment

20%

$31,860

Closing costs

1%

$1,593

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,556

Total Expenses

$2,400

Mortgage P&I

33%

$838

Property Taxes

11%

$280

Home Insurance

2%

$56

HOA

0%

$0

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$639

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