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$3,094 (target)

1821 Ardmore Dr, Ferndale, MI 48220

3 beds • 2 baths • 1644 sqft

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This property might be a fair Mid-Term investment with a projected 7.34% first-year return on $72,579 initial cash invested.

7.34%

Cash On Cash

8.83%

Cap Rate

1.42

DSCR

$3,094

Rent

$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,094 income − $2,650 expenses = $444 cash flow

Income$3,094Mortgage P&I$1,34543%Property Taxes$1625%Insurance$913%Management$37112%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34011%Cash Flow$444

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,094

Total Expenses

$2,650

Mortgage P&I

43%

$1,345

Property Taxes

5%

$162

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$371

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$340

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