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$3,362 (target)

315 Leroy St, Ferndale, MI 48220

3 beds • 2 baths • 2021 sqft

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This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $91,899 initial cash invested.

-3.34%

Cash On Cash

5.6%

Cap Rate

0.93

DSCR

$3,362

Rent

-$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,362 income − $3,618 expenses = $256 out of pocket

Income$3,362Out of Pocket$256Mortgage P&I$1,76352%Property Taxes$59118%Insurance$1224%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$37011%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,899

Downpayment

20%

$70,380

Closing costs

1%

$3,519

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,362

Total Expenses

$3,618

Mortgage P&I

52%

$1,763

Property Taxes

18%

$591

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$370

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