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$3,564 (target)

1804 Andrew St SE, Kentwood, MI 49508

3 beds • 2 baths • 1764 sqft

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This property might be a fair Mid-Term investment with a projected 2.5% first-year return on $87,300 initial cash invested.

2.5%

Cash On Cash

7.41%

Cap Rate

1.19

DSCR

$3,564

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,564 income − $3,382 expenses = $182 cash flow

Income$3,564Mortgage P&I$1,71348%Property Taxes$3389%Insurance$1183%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%Cash Flow$182

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,564

Total Expenses

$3,382

Mortgage P&I

48%

$1,713

Property Taxes

9%

$338

Home Insurance

3%

$118

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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