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$3,380 (target)

1431 Edington St, Portage, MI 49024

3 beds • 3 baths • 1998 sqft

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This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $81,462 initial cash invested.

3.14%

Cash On Cash

7.62%

Cap Rate

1.22

DSCR

$3,380

Rent

$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $3,167 expenses = $213 cash flow

Income$3,380Mortgage P&I$1,57046%Property Taxes$33910%Insurance$1093%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$213

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,462

Downpayment

20%

$60,440

Closing costs

1%

$3,022

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,380

Total Expenses

$3,167

Mortgage P&I

46%

$1,570

Property Taxes

10%

$339

Home Insurance

3%

$109

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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