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$4,119 (target)

2268 Serra Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 3000 sqft

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This property could be a profitable Mid-Term investment with a projected 11.96% first-year return on $80,895 initial cash invested.

11.96%

Cash On Cash

9.82%

Cap Rate

1.66

DSCR

$4,119

Rent

$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,119 income − $3,313 expenses = $806 cash flow

Income$4,119Mortgage P&I$1,48136%Property Taxes$3268%Insurance$1053%Management$49412%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45311%Cash Flow$806

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,895

Downpayment

20%

$59,900

Closing costs

1%

$2,995

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,119

Total Expenses

$3,313

Mortgage P&I

36%

$1,481

Property Taxes

8%

$326

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$494

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$453

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