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$4,308 (target)

292 Norlynn Dr, Howell, MI 48843

3 beds • 2 baths • 2758 sqft

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This property looks like a bad Mid-Term investment with a projected -7.94% first-year return on $154k initial cash invested.

-7.94%

Cash On Cash

4.52%

Cap Rate

0.74

DSCR

$4,308

Rent

-$1,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,308 income − $5,324 expenses = $1,016 out of pocket

Income$4,308Out of Pocket$1,016Mortgage P&I$3,27676%Property Taxes$3588%Insurance$2265%Management$51712%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47411%

Investment Breakdown

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Purchase Price

$646k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$129k

Closing costs

1%

$6,459

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,308

Total Expenses

$5,324

Mortgage P&I

76%

$3,276

Property Taxes

8%

$358

Home Insurance

5%

$226

HOA

0%

$0

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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