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$2,878 (target)

18701 Thomasine St, Clinton Township, MI 48036

3 beds • 2 baths • 2631 sqft

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This property might be a fair Mid-Term investment with a projected 0.33% first-year return on $76,212 initial cash invested.

0.33%

Cash On Cash

6.62%

Cap Rate

1.1

DSCR

$2,878

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,878 income − $2,857 expenses = $21 cash flow

Income$2,878Mortgage P&I$1,39348%Property Taxes$38813%Insurance$983%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%Cash Flow$21

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,212

Downpayment

20%

$55,440

Closing costs

1%

$2,772

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,878

Total Expenses

$2,857

Mortgage P&I

48%

$1,393

Property Taxes

13%

$388

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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