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9632 Woodlawn Dr, Portage, MI 49002

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Airbnb investment with a projected -6.78% first-year return on $98,892 initial cash invested.

-6.78%

Cash On Cash

5.45%

Cap Rate

0.82

DSCR

$4,392

Rent

-$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,392 income − $4,951 expenses = $559 out of pocket

Income$4,392Out of Pocket$559Mortgage P&I$2,13449%Property Taxes$57013%Insurance$1383%Management$65915%CapEx$1764%Maintenance$1764%Other$1,09825%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,892

Downpayment

20%

$77,040

Closing costs

1%

$3,852

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,392

Total Expenses

$4,951

Mortgage P&I

49%

$2,134

Property Taxes

13%

$570

Home Insurance

3%

$138

HOA

0%

$0

Property Management

15%

$659

CapEx

4%

$176

Vacancy

0%

$0

Maintenance

4%

$176

Other

25%

$1,098

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