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$3,418 (target)

22806 Carleton Ave, Southfield, MI 48033

3 beds • 2 baths • 1712 sqft

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This property might be a fair Mid-Term investment with a projected 1.67% first-year return on $71,823 initial cash invested.

1.67%

Cash On Cash

7.55%

Cap Rate

1.17

DSCR

$3,418

Rent

$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,418 income − $3,318 expenses = $100 cash flow

Income$3,418Mortgage P&I$1,37640%Property Taxes$69920%Insurance$802%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$100

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,823

Downpayment

20%

$51,260

Closing costs

1%

$2,563

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,418

Total Expenses

$3,318

Mortgage P&I

40%

$1,376

Property Taxes

20%

$699

Home Insurance

2%

$80

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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