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$1,824 (target)

1118 Simcoe Ave, Flint, MI 48507

3 beds • 2 baths • 1160 sqft

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This property could be a profitable Mid-Term investment with a projected 25.08% first-year return on $33,204 initial cash invested.

25.08%

Cash On Cash

18.81%

Cap Rate

3.08

DSCR

$1,824

Rent

$694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,824 income − $1,130 expenses = $694 cash flow

Income$1,824Mortgage P&I$36820%Property Taxes$995%Insurance$422%Management$21912%CapEx$734%Vacancy$553%Maintenance$734%Other$20111%Cash Flow$694

Investment Breakdown

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Purchase Price

$72,400

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,204

Downpayment

20%

$14,480

Closing costs

1%

$724

Rehab

0%

$0

Furnishing

25%

$18,000

Cashflow

Total Income

$1,824

Total Expenses

$1,130

Mortgage P&I

20%

$368

Property Taxes

5%

$99

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$219

CapEx

4%

$73

Vacancy

3%

$55

Maintenance

4%

$73

Other

11%

$201

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