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12065 Belmont Ave, Warren, MI 48089

3 beds • 2 baths • 1046 sqft

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This property looks like a bad Long-Term investment with a projected -0.61% first-year return on $33,264 initial cash invested.

-0.61%

Cash On Cash

6.64%

Cap Rate

1.07

DSCR

$1,430

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$158k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,264

Downpayment

20%

$31,680

Closing costs

1%

$1,584

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,430

Total Expenses

$1,447

Mortgage P&I

57%

$822

Property Taxes

14%

$198

Home Insurance

4%

$54

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

8150 Standard, Center Line, MI 48015

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3

2

1052

1.1 mi

8203 Paige Ave, Warren, MI 48089

$1,325

3

2

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1.1 mi

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3

2

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1.1 mi

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$1,000

3

2

946

1 mi

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2

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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