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$1,665 (target)

1845 Pilgrim St, Ferndale, MI 48220

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Long-Term investment with a projected -22.62% first-year return on $113k initial cash invested.

-22.62%

Cash On Cash

1.67%

Cap Rate

0.27

DSCR

$1,665

Rent

-$2,138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,665 income − $3,803 expenses = $2,138 out of pocket

Income$1,665Out of Pocket$2,138Mortgage P&I$2,806169%Property Taxes$37322%Insurance$19212%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,402

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,665

Total Expenses

$3,803

Mortgage P&I

169%

$2,806

Property Taxes

22%

$373

Home Insurance

12%

$192

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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