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$1,888 (target)

107 Teaberry Ln, Houghton Lake, MI 48629

3 beds • 2 baths • 1350 sqft

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This property could be a profitable Long-Term investment with a projected 22.18% first-year return on $29,379 initial cash invested.

22.18%

Cash On Cash

11.99%

Cap Rate

1.84

DSCR

$1,888

Rent

$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,888 income − $1,345 expenses = $543 cash flow

Income$1,888Mortgage P&I$76140%Property Taxes$452%Insurance$493%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%Cash Flow$543

Investment Breakdown

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Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,379

Downpayment

20%

$27,980

Closing costs

1%

$1,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,888

Total Expenses

$1,345

Mortgage P&I

40%

$761

Property Taxes

2%

$45

Home Insurance

3%

$49

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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