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$2,282 (target)

2328 S Horseshoe Trl, Grayling, MI 49738

3 beds • 2 baths • 1600 sqft

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This property might be a fair Mid-Term investment with a projected 5.82% first-year return on $59,979 initial cash invested.

5.82%

Cash On Cash

8.78%

Cap Rate

1.35

DSCR

$2,282

Rent

$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,282 income − $1,991 expenses = $291 cash flow

Income$2,282Mortgage P&I$1,08047%Property Taxes$663%Insurance$703%Management$27412%CapEx$914%Vacancy$683%Maintenance$914%Other$25111%Cash Flow$291

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,282

Total Expenses

$1,991

Mortgage P&I

47%

$1,080

Property Taxes

3%

$66

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$274

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$251

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