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$3,690 (target)

31921 Nottingwood St, Farmington Hills, MI 48334

3 beds • 2 baths • 2361 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $82,617 initial cash invested.

6.41%

Cash On Cash

8.4%

Cap Rate

1.38

DSCR

$3,690

Rent

$441

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,690 income − $3,249 expenses = $441 cash flow

Income$3,690Mortgage P&I$1,56542%Property Taxes$3118%Insurance$1173%Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%Cash Flow$441

Investment Breakdown

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Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,617

Downpayment

20%

$61,540

Closing costs

1%

$3,077

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,690

Total Expenses

$3,249

Mortgage P&I

42%

$1,565

Property Taxes

8%

$311

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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