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$2,210 (target)

24610 Adlai Ave, Eastpointe, MI 48021

3 beds • 2 baths • 1675 sqft

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This property looks like a bad Mid-Term investment with a projected -3.5% first-year return on $62,079 initial cash invested.

-3.5%

Cash On Cash

5.95%

Cap Rate

0.92

DSCR

$2,210

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,210 income − $2,391 expenses = $181 out of pocket

Income$2,210Out of Pocket$181Mortgage P&I$1,13451%Property Taxes$43320%Insurance$743%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,079

Downpayment

20%

$41,980

Closing costs

1%

$2,099

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,210

Total Expenses

$2,391

Mortgage P&I

51%

$1,134

Property Taxes

20%

$433

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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