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$2,866 (target)

3091 118th Ave, Allegan, MI 49010

3 beds • 2 baths • 2586 sqft

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This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $89,274 initial cash invested.

-1.96%

Cash On Cash

5.95%

Cap Rate

0.98

DSCR

$2,866

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,866 income − $3,012 expenses = $146 out of pocket

Income$2,866Out of Pocket$146Mortgage P&I$1,71560%Property Taxes$2007%Insurance$1224%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,866

Total Expenses

$3,012

Mortgage P&I

60%

$1,715

Property Taxes

7%

$200

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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