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948 Van Sull St, Westland, MI 48185

3 beds • 2 baths • 2341 sqft

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This property looks like a bad Airbnb investment with a projected -7.2% first-year return on $76,632 initial cash invested.

-7.2%

Cash On Cash

4.51%

Cap Rate

0.75

DSCR

$2,808

Rent

-$460

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,632

Downpayment

20%

$55,840

Closing costs

1%

$2,792

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,808

Total Expenses

$3,268

Mortgage P&I

50%

$1,397

Property Taxes

15%

$428

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$421

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$702

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