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877 Fisher Rd, Grosse Pointe, MI 48230

3 beds • 2 baths • 1705 sqft

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This property looks like a bad Airbnb investment with a projected -23.88% first-year return on $94,461 initial cash invested.

-23.88%

Cash On Cash

0.8%

Cap Rate

0.12

DSCR

$2,225

Rent

-$1,880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $4,105 expenses = $1,880 out of pocket

Income$2,225Out of Pocket$1,880Mortgage P&I$2,03591%Property Taxes$87339%Insurance$1296%Management$33415%CapEx$894%Maintenance$894%Other$55625%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,225

Total Expenses

$4,105

Mortgage P&I

91%

$2,035

Property Taxes

39%

$873

Home Insurance

6%

$129

HOA

0%

$0

Property Management

15%

$334

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$556

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