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$2,498 (target)

1845 Pilgrim St, Ferndale, MI 48220

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Mid-Term investment with a projected -15.73% first-year return on $131k initial cash invested.

-15.73%

Cash On Cash

2.63%

Cap Rate

0.42

DSCR

$2,498

Rent

-$1,723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $4,221 expenses = $1,723 out of pocket

Income$2,498Out of Pocket$1,723Mortgage P&I$2,806112%Property Taxes$37315%Insurance$1928%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,402

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$4,221

Mortgage P&I

112%

$2,806

Property Taxes

15%

$373

Home Insurance

8%

$192

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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