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$2,517 (target)

10346 Lakepointe St, Detroit, MI 48224

3 beds • 3 baths • 2664 sqft

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This property might be a fair Mid-Term investment with a projected 9.51% first-year return on $55,800 initial cash invested.

9.51%

Cash On Cash

10.15%

Cap Rate

1.55

DSCR

$2,517

Rent

$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $2,075 expenses = $442 cash flow

Income$2,517Mortgage P&I$97939%Property Taxes$1767%Insurance$633%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$442

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,517

Total Expenses

$2,075

Mortgage P&I

39%

$979

Property Taxes

7%

$176

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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