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$4,492 (target)

28841 Grayfield Dr, Farmington Hills, MI 48336

3 beds • 2 baths • 1930 sqft

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This property might be a fair Mid-Term investment with a projected 6.76% first-year return on $90,954 initial cash invested.

6.76%

Cash On Cash

9.02%

Cap Rate

1.36

DSCR

$4,492

Rent

$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,492 income − $3,980 expenses = $512 cash flow

Income$4,492Mortgage P&I$1,91843%Property Taxes$4129%Insurance$1223%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%Cash Flow$512

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,954

Downpayment

20%

$69,480

Closing costs

1%

$3,474

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,492

Total Expenses

$3,980

Mortgage P&I

43%

$1,918

Property Taxes

9%

$412

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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