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29277 Merrick Ave, Warren, MI 48092

3 beds • 2 baths • 2295 sqft

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This property looks like a bad Long-Term investment with a projected -0.7% first-year return on $53,193 initial cash invested.

-0.7%

Cash On Cash

6.36%

Cap Rate

1.06

DSCR

$2,150

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,193

Downpayment

20%

$50,660

Closing costs

1%

$2,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,150

Total Expenses

$2,181

Mortgage P&I

59%

$1,266

Property Taxes

12%

$264

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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Comparable Property

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SQFT

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$2,850

5

4

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