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$3,082 (target)

28399 Palmer Blvd, Madison Heights, MI 48071

3 beds • 2 baths • 2258 sqft

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This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $77,850 initial cash invested.

3.5%

Cash On Cash

7.62%

Cap Rate

1.24

DSCR

$3,082

Rent

$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,082 income − $2,855 expenses = $227 cash flow

Income$3,082Mortgage P&I$1,46047%Property Taxes$2488%Insurance$1003%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%Cash Flow$227

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,082

Total Expenses

$2,855

Mortgage P&I

47%

$1,460

Property Taxes

8%

$248

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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