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$2,844 (target)

1013 Duncan Ave, Cheboygan, MI 49721

3 beds • 2 baths • 1315 sqft

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This property might be a fair Mid-Term investment with a projected 4.08% first-year return on $69,093 initial cash invested.

4.08%

Cash On Cash

8.14%

Cap Rate

1.27

DSCR

$2,844

Rent

$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,844 income − $2,609 expenses = $235 cash flow

Income$2,844Mortgage P&I$1,30246%Property Taxes$2539%Insurance$873%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$235

Investment Breakdown

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Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,093

Downpayment

20%

$48,660

Closing costs

1%

$2,433

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,844

Total Expenses

$2,609

Mortgage P&I

46%

$1,302

Property Taxes

9%

$253

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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