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$2,655 (target)

3101 E Frederick St, Midland, MI 48640

3 beds • 2 baths • 1294 sqft

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This property might be a fair Mid-Term investment with a projected 3.31% first-year return on $67,014 initial cash invested.

3.31%

Cash On Cash

8.04%

Cap Rate

1.23

DSCR

$2,655

Rent

$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $2,470 expenses = $185 cash flow

Income$2,655Mortgage P&I$1,27248%Property Taxes$2118%Insurance$843%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$185

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,014

Downpayment

20%

$46,680

Closing costs

1%

$2,334

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,655

Total Expenses

$2,470

Mortgage P&I

48%

$1,272

Property Taxes

8%

$211

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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