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31656 Summers St, Livonia, MI 48154

3 beds • 2 baths • 2029 sqft

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This property looks like a bad Long-Term investment with a projected -6.74% first-year return on $74,550 initial cash invested.

-6.74%

Cash On Cash

4.99%

Cap Rate

0.83

DSCR

$2,410

Rent

-$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,410

Total Expenses

$2,829

Mortgage P&I

74%

$1,775

Property Taxes

13%

$304

Home Insurance

5%

$124

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

11037 Mayfield St, Livonia, MI 48150

$2,500

3

2

2029

1.5 mi

31049 Grennada St, Livonia, MI 48154

$2,350

3

1.5

2298

0.4 mi

26020 Elsinore St, Wayne County, MI 48239

$1,200

3

2

2166

3.1 mi

37801 Plymouth Rd, Livonia, MI 48150

$2,700

3

2

1864

3.2 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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