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$3,261 (target)

16244 Philomene Blvd, Allen Park, MI 48101

3 beds • 2 baths • 2025 sqft

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This property might be a fair Mid-Term investment with a projected 2.02% first-year return on $82,470 initial cash invested.

2.02%

Cash On Cash

7.02%

Cap Rate

1.18

DSCR

$3,261

Rent

$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,261 income − $3,122 expenses = $139 cash flow

Income$3,261Mortgage P&I$1,52647%Property Taxes$35811%Insurance$1304%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$139

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,261

Total Expenses

$3,122

Mortgage P&I

47%

$1,526

Property Taxes

11%

$358

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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