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$3,591 (target)

115 W Houstonia Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1563 sqft

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This property might be a fair Mid-Term investment with a projected 1.72% first-year return on $89,274 initial cash invested.

1.72%

Cash On Cash

7.01%

Cap Rate

1.16

DSCR

$3,591

Rent

$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,591 income − $3,463 expenses = $128 cash flow

Income$3,591Mortgage P&I$1,71148%Property Taxes$41412%Insurance$1163%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$128

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,591

Total Expenses

$3,463

Mortgage P&I

48%

$1,711

Property Taxes

12%

$414

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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