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$1,882 (target)

1401 Glengrove Ave, Ypsilanti, MI 48198

3 beds • 2 baths • 1720 sqft

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This property might be a fair Long-Term investment with a projected 4.93% first-year return on $39,900 initial cash invested.

4.93%

Cash On Cash

8.06%

Cap Rate

1.25

DSCR

$1,882

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $1,718 expenses = $164 cash flow

Income$1,882Mortgage P&I$1,01854%Property Taxes$1458%Insurance$664%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%Cash Flow$164

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,882

Total Expenses

$1,718

Mortgage P&I

54%

$1,018

Property Taxes

8%

$145

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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