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$2,410 (target)

26091 Alger Blvd, Madison Heights, MI 48071

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 0.75% first-year return on $62,688 initial cash invested.

0.75%

Cash On Cash

7.26%

Cap Rate

1.12

DSCR

$2,410

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $2,371 expenses = $39 cash flow

Income$2,410Mortgage P&I$1,15348%Property Taxes$32513%Insurance$753%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$39

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,688

Downpayment

20%

$42,560

Closing costs

1%

$2,128

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,410

Total Expenses

$2,371

Mortgage P&I

48%

$1,153

Property Taxes

13%

$325

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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