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915 N Riverside Ave, Saint Clair, MI 48079

3 beds • 3 baths • 2552 sqft

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This property looks like a bad Airbnb investment with a projected -23.4% first-year return on $113k initial cash invested.

-23.4%

Cash On Cash

0.06%

Cap Rate

0.01

DSCR

$1,218

Rent

-$2,200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,218 income − $3,418 expenses = $2,200 out of pocket

Income$1,218Out of Pocket$2,200Mortgage P&I$2,175179%Property Taxes$49441%Insurance$16413%Management$18315%CapEx$494%Maintenance$494%Other$30425%

Investment Breakdown

|

Purchase Price

$452k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,300

Closing costs

1%

$4,515

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,218

Total Expenses

$3,418

Mortgage P&I

179%

$2,175

Property Taxes

41%

$494

Home Insurance

13%

$164

HOA

0%

$0

Property Management

15%

$183

CapEx

4%

$49

Vacancy

0%

$0

Maintenance

4%

$49

Other

25%

$304

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