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$3,296 (target)

18974 Riverway Ct, Clinton Township, MI 48038

3 beds • 4 baths • 5958 sqft

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This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $140k initial cash invested.

-14.13%

Cash On Cash

2.96%

Cap Rate

0.49

DSCR

$3,296

Rent

-$1,652

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,296 income − $4,948 expenses = $1,652 out of pocket

Income$3,296Out of Pocket$1,652Mortgage P&I$2,95790%Property Taxes$65220%Insurance$2106%HOA$7Management$39612%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36311%

Investment Breakdown

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Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,823

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,296

Total Expenses

$4,948

Mortgage P&I

90%

$2,957

Property Taxes

20%

$652

Home Insurance

6%

$210

HOA

0%

$7

Property Management

12%

$396

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$363

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