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$2,662 (target)

24911 Cooke St, Dearborn, MI 48124

3 beds • 2 baths • 1600 sqft

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This property might be a fair Mid-Term investment with a projected 1.51% first-year return on $65,145 initial cash invested.

1.51%

Cash On Cash

7.46%

Cap Rate

1.16

DSCR

$2,662

Rent

$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,662 income − $2,580 expenses = $82 cash flow

Income$2,662Mortgage P&I$1,20845%Property Taxes$38815%Insurance$803%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$82

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,145

Downpayment

20%

$44,900

Closing costs

1%

$2,245

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,662

Total Expenses

$2,580

Mortgage P&I

45%

$1,208

Property Taxes

15%

$388

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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