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$2,678 (target)

1815 Kelly Dr, Saginaw, MI 48604

3 beds • 3 baths • 1895 sqft

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This property might be a fair Mid-Term investment with a projected 4.45% first-year return on $68,463 initial cash invested.

4.45%

Cash On Cash

8.1%

Cap Rate

1.29

DSCR

$2,678

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,678 income − $2,424 expenses = $254 cash flow

Income$2,678Mortgage P&I$1,26147%Property Taxes$1656%Insurance$883%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$254

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,463

Downpayment

20%

$48,060

Closing costs

1%

$2,403

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,678

Total Expenses

$2,424

Mortgage P&I

47%

$1,261

Property Taxes

6%

$165

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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