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$2,883 (target)

20394 Westland Dr, Southfield, MI 48075

3 beds • 2 baths • 1512 sqft

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This property could be a profitable Mid-Term investment with a projected 14.48% first-year return on $54,267 initial cash invested.

14.48%

Cash On Cash

12.14%

Cap Rate

1.79

DSCR

$2,883

Rent

$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $2,228 expenses = $655 cash flow

Income$2,883Mortgage P&I$97734%Property Taxes$2097%Insurance$632%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%Cash Flow$655

Investment Breakdown

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Purchase Price

$173k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,267

Downpayment

20%

$34,540

Closing costs

1%

$1,727

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,883

Total Expenses

$2,228

Mortgage P&I

34%

$977

Property Taxes

7%

$209

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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