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$2,918 (target)

2950 McKinley St, Dearborn, MI 48124

3 beds • 2 baths • 1696 sqft

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This property could be a profitable Mid-Term investment with a projected 11.05% first-year return on $58,950 initial cash invested.

11.05%

Cash On Cash

10.5%

Cap Rate

1.63

DSCR

$2,918

Rent

$543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,918 income − $2,375 expenses = $543 cash flow

Income$2,918Mortgage P&I$1,04736%Property Taxes$2679%Insurance$682%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%Cash Flow$543

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,950

Downpayment

20%

$39,000

Closing costs

1%

$1,950

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,918

Total Expenses

$2,375

Mortgage P&I

36%

$1,047

Property Taxes

9%

$267

Home Insurance

2%

$68

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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