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$2,253 (target)

15461 Vaughan St, Detroit, MI 48223

3 beds • 3 baths • 1700 sqft

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This property could be a profitable Mid-Term investment with a projected 19.16% first-year return on $38,958 initial cash invested.

19.16%

Cash On Cash

14.66%

Cap Rate

2.4

DSCR

$2,253

Rent

$622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $1,631 expenses = $622 cash flow

Income$2,253Mortgage P&I$50723%Property Taxes$32314%Insurance$352%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$622

Investment Breakdown

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Purchase Price

$99,800

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,958

Downpayment

20%

$19,960

Closing costs

1%

$998

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,253

Total Expenses

$1,631

Mortgage P&I

23%

$507

Property Taxes

14%

$323

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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