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$4,935 (target)

1661 Madeline Dr, Lapeer, MI 48446

3 beds • 3 baths • 2173 sqft

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This property might be a fair Mid-Term investment with a projected 9.76% first-year return on $94,713 initial cash invested.

9.76%

Cash On Cash

9.15%

Cap Rate

1.53

DSCR

$4,935

Rent

$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,935 income − $4,165 expenses = $770 cash flow

Income$4,935Mortgage P&I$1,81837%Property Taxes$53411%Insurance$1363%Management$59212%CapEx$1974%Vacancy$1483%Maintenance$1974%Other$54311%Cash Flow$770

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,713

Downpayment

20%

$73,060

Closing costs

1%

$3,653

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,935

Total Expenses

$4,165

Mortgage P&I

37%

$1,818

Property Taxes

11%

$534

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$592

CapEx

4%

$197

Vacancy

3%

$148

Maintenance

4%

$197

Other

11%

$543

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