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$4,376 (target)

315 Midland Blvd, Royal Oak, MI 48073

3 beds • 2 baths • 1790 sqft

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This property might be a fair Mid-Term investment with a projected 6.1% first-year return on $93,516 initial cash invested.

6.1%

Cash On Cash

8.32%

Cap Rate

1.35

DSCR

$4,376

Rent

$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,376 income − $3,901 expenses = $475 cash flow

Income$4,376Mortgage P&I$1,84242%Property Taxes$44110%Insurance$1313%Management$52512%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48111%Cash Flow$475

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,516

Downpayment

20%

$71,920

Closing costs

1%

$3,596

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,376

Total Expenses

$3,901

Mortgage P&I

42%

$1,842

Property Taxes

10%

$441

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$525

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$481

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