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$3,566 (target)

1112 Don Wayne Dr, Lapeer, MI 48446

3 beds • 2 baths • 3253 sqft

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This property might be a fair Mid-Term investment with a projected 0.76% first-year return on $95,049 initial cash invested.

0.76%

Cash On Cash

6.9%

Cap Rate

1.11

DSCR

$3,566

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,566 income − $3,506 expenses = $60 cash flow

Income$3,566Mortgage P&I$1,90653%Property Taxes$2577%Insurance$1304%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%Cash Flow$60

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,049

Downpayment

20%

$73,380

Closing costs

1%

$3,669

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,566

Total Expenses

$3,506

Mortgage P&I

53%

$1,906

Property Taxes

7%

$257

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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