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$2,832 (target)

107 Teaberry Ln, Houghton Lake, MI 48629

3 beds • 2 baths • 1350 sqft

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This property could be a profitable Mid-Term investment with a projected 25.68% first-year return on $47,379 initial cash invested.

25.68%

Cash On Cash

16.19%

Cap Rate

2.48

DSCR

$2,832

Rent

$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $1,818 expenses = $1,014 cash flow

Income$2,832Mortgage P&I$76127%Property Taxes$452%Insurance$492%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$1,014

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,832

Total Expenses

$1,818

Mortgage P&I

27%

$761

Property Taxes

2%

$45

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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