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$3,429 (target)

1349 Kennely Rd, Saginaw, MI 48609

3 beds • 4 baths • 3066 sqft

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This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $105k initial cash invested.

-6.27%

Cash On Cash

5.17%

Cap Rate

0.81

DSCR

$3,429

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,429 income − $3,978 expenses = $549 out of pocket

Income$3,429Out of Pocket$549Mortgage P&I$2,19764%Property Taxes$46714%Insurance$1494%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,900

Closing costs

1%

$4,145

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,429

Total Expenses

$3,978

Mortgage P&I

64%

$2,197

Property Taxes

14%

$467

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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