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$2,624 (target)

2040 Reo Ave, Lincoln Park, MI 48146

3 beds • 2 baths • 1164 sqft

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This property could be a profitable Mid-Term investment with a projected 10.13% first-year return on $53,658 initial cash invested.

10.13%

Cash On Cash

10.37%

Cap Rate

1.61

DSCR

$2,624

Rent

$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,171 expenses = $453 cash flow

Income$2,624Mortgage P&I$90935%Property Taxes$30912%Insurance$602%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$453

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,658

Downpayment

20%

$33,960

Closing costs

1%

$1,698

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$2,171

Mortgage P&I

35%

$909

Property Taxes

12%

$309

Home Insurance

2%

$60

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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