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$2,025 (target)

23876 Indianwood St, Clinton Township, MI 48035

3 beds • 3 baths • 2470 sqft

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This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $70,185 initial cash invested.

-7.73%

Cash On Cash

4.95%

Cap Rate

0.73

DSCR

$2,025

Rent

-$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,477 expenses = $452 out of pocket

Income$2,025Out of Pocket$452Mortgage P&I$1,39669%Property Taxes$30515%Insurance$874%Management$24312%CapEx$814%Vacancy$613%Maintenance$814%Other$22311%

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,185

Downpayment

20%

$49,700

Closing costs

1%

$2,485

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,025

Total Expenses

$2,477

Mortgage P&I

69%

$1,396

Property Taxes

15%

$305

Home Insurance

4%

$87

HOA

0%

$0

Property Management

12%

$243

CapEx

4%

$81

Vacancy

3%

$61

Maintenance

4%

$81

Other

11%

$223

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