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$2,577 (target)

26649 Groveland St, Madison Heights, MI 48071

3 beds • 2 baths • 2204 sqft

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This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $73,776 initial cash invested.

-3.25%

Cash On Cash

6.01%

Cap Rate

0.93

DSCR

$2,577

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,577 income − $2,777 expenses = $200 out of pocket

Income$2,577Out of Pocket$200Mortgage P&I$1,42855%Property Taxes$38815%Insurance$863%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,776

Downpayment

20%

$53,120

Closing costs

1%

$2,656

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,577

Total Expenses

$2,777

Mortgage P&I

55%

$1,428

Property Taxes

15%

$388

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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