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$3,096 (target)

29905 Pleasant Trl, Southfield, MI 48076

3 beds • 2 baths • 1789 sqft

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This property might be a fair Mid-Term investment with a projected 6.62% first-year return on $70,290 initial cash invested.

6.62%

Cash On Cash

8.91%

Cap Rate

1.38

DSCR

$3,096

Rent

$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,096 income − $2,708 expenses = $388 cash flow

Income$3,096Mortgage P&I$1,33743%Property Taxes$2287%Insurance$873%HOA$2Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$388

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,096

Total Expenses

$2,708

Mortgage P&I

43%

$1,337

Property Taxes

7%

$228

Home Insurance

3%

$87

HOA

0%

$2

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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