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$3,678 (target)

310 N Edgeworth Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1769 sqft

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This property might be a fair Mid-Term investment with a projected 8.52% first-year return on $75,498 initial cash invested.

8.52%

Cash On Cash

9.14%

Cap Rate

1.49

DSCR

$3,678

Rent

$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,678 income − $3,142 expenses = $536 cash flow

Income$3,678Mortgage P&I$1,40238%Property Taxes$36410%Insurance$1263%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40511%Cash Flow$536

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,498

Downpayment

20%

$54,760

Closing costs

1%

$2,738

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,678

Total Expenses

$3,142

Mortgage P&I

38%

$1,402

Property Taxes

10%

$364

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$405

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