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$4,130 (target)

23141 Nona St, Dearborn, MI 48124

3 beds • 3 baths • 3723 sqft

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This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $119k initial cash invested.

-5.89%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$4,130

Rent

-$585

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,130 income − $4,715 expenses = $585 out of pocket

Income$4,130Out of Pocket$585Mortgage P&I$2,40558%Property Taxes$71417%Insurance$1925%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

|

Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,440

Closing costs

1%

$4,822

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,130

Total Expenses

$4,715

Mortgage P&I

58%

$2,405

Property Taxes

17%

$714

Home Insurance

5%

$192

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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