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$1,989 (target)

1307 South Dr, Mount Pleasant, MI 48858

3 beds • 2 baths • 1104 sqft

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This property looks like a bad Mid-Term investment with a projected -3.52% first-year return on $63,003 initial cash invested.

-3.52%

Cash On Cash

5.92%

Cap Rate

0.91

DSCR

$1,989

Rent

-$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,174 expenses = $185 out of pocket

Income$1,989Out of Pocket$185Mortgage P&I$1,16258%Property Taxes$25713%Insurance$774%Management$23912%CapEx$804%Vacancy$603%Maintenance$804%Other$21911%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,003

Downpayment

20%

$42,860

Closing costs

1%

$2,143

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,989

Total Expenses

$2,174

Mortgage P&I

58%

$1,162

Property Taxes

13%

$257

Home Insurance

4%

$77

HOA

0%

$0

Property Management

12%

$239

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$219

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