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$4,749 (target)

29523 Shenandoah Dr, Farmington Hills, MI 48331

3 beds • 3 baths • 3211 sqft

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This property might be a fair Mid-Term investment with a projected 1.07% first-year return on $116k initial cash invested.

1.07%

Cash On Cash

6.74%

Cap Rate

1.13

DSCR

$4,749

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,749 income − $4,646 expenses = $103 cash flow

Income$4,749Mortgage P&I$2,32949%Property Taxes$51911%Insurance$1844%Management$57012%CapEx$1904%Vacancy$1423%Maintenance$1904%Other$52211%Cash Flow$103

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,320

Closing costs

1%

$4,666

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,749

Total Expenses

$4,646

Mortgage P&I

49%

$2,329

Property Taxes

11%

$519

Home Insurance

4%

$184

HOA

0%

$0

Property Management

12%

$570

CapEx

4%

$190

Vacancy

3%

$142

Maintenance

4%

$190

Other

11%

$522

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