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$3,200 (target)

1743 Michaywe Dr, Gaylord, MI 49735

3 beds • 2 baths • 1680 sqft

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This property might be a fair Mid-Term investment with a projected 3.39% first-year return on $82,470 initial cash invested.

3.39%

Cash On Cash

7.53%

Cap Rate

1.23

DSCR

$3,200

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,200 income − $2,967 expenses = $233 cash flow

Income$3,200Mortgage P&I$1,56549%Property Taxes$1675%Insurance$1073%HOA$401%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$233

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.6%

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

$3,200

Total Expenses

$2,967

Mortgage P&I

49%

$1,565

Property Taxes

5%

$167

Home Insurance

3%

$107

HOA

1%

$40

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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