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$6,574 (target)

1259 Cedar Dr, Birmingham, MI 48009

3 beds • 3 baths • 2028 sqft

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This property looks like a bad Mid-Term investment with a projected -5.03% first-year return on $186k initial cash invested.

-5.03%

Cash On Cash

5.26%

Cap Rate

0.87

DSCR

$6,574

Rent

-$777

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,574 income − $7,351 expenses = $777 out of pocket

Income$6,574Out of Pocket$777Mortgage P&I$4,00961%Property Taxes$81812%Insurance$2894%Management$78912%CapEx$2634%Vacancy$1973%Maintenance$2634%Other$72311%

Investment Breakdown

|

Purchase Price

$798k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,977

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,574

Total Expenses

$7,351

Mortgage P&I

61%

$4,009

Property Taxes

12%

$818

Home Insurance

4%

$289

HOA

0%

$0

Property Management

12%

$789

CapEx

4%

$263

Vacancy

3%

$197

Maintenance

4%

$263

Other

11%

$723

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