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$2,564 (target)

2918 Saint Marys Dr, Midland, MI 48640

3 beds • 2 baths • 2208 sqft

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This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $75,834 initial cash invested.

-0.98%

Cash On Cash

6.11%

Cap Rate

1.03

DSCR

$2,564

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,626 expenses = $62 out of pocket

Income$2,564Out of Pocket$62Mortgage P&I$1,36253%Property Taxes$29311%Insurance$984%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,834

Downpayment

20%

$55,080

Closing costs

1%

$2,754

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,626

Mortgage P&I

53%

$1,362

Property Taxes

11%

$293

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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