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$3,228 (target)

20920 McKishnie St, Clinton Township, MI 48035

3 beds • 2 baths • 1528 sqft

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This property might be a fair Mid-Term investment with a projected 6.72% first-year return on $70,500 initial cash invested.

6.72%

Cash On Cash

8.93%

Cap Rate

1.39

DSCR

$3,228

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $2,833 expenses = $395 cash flow

Income$3,228Mortgage P&I$1,33641%Property Taxes$31210%Insurance$883%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%Cash Flow$395

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$2,833

Mortgage P&I

41%

$1,336

Property Taxes

10%

$312

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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