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$2,660 (target)

2315 Laurel Ln, Midland, MI 48642

3 beds • 3 baths • 1296 sqft

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This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $67,308 initial cash invested.

3.1%

Cash On Cash

7.87%

Cap Rate

1.22

DSCR

$2,660

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $2,486 expenses = $174 cash flow

Income$2,660Mortgage P&I$1,26047%Property Taxes$2389%Insurance$843%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$174

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,308

Downpayment

20%

$46,960

Closing costs

1%

$2,348

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,660

Total Expenses

$2,486

Mortgage P&I

47%

$1,260

Property Taxes

9%

$238

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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