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$2,490 (target)

3207 Erie Shore Dr, Monroe, MI 48162

3 beds • 2 baths • 1246 sqft

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This property might be a fair Mid-Term investment with a projected 7.82% first-year return on $59,223 initial cash invested.

7.82%

Cash On Cash

9.51%

Cap Rate

1.45

DSCR

$2,490

Rent

$386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,490 income − $2,104 expenses = $386 cash flow

Income$2,490Mortgage P&I$1,07043%Property Taxes$1124%Insurance$663%HOA$8Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$386

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,223

Downpayment

20%

$39,260

Closing costs

1%

$1,963

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$2,104

Mortgage P&I

43%

$1,070

Property Taxes

5%

$112

Home Insurance

3%

$66

HOA

0%

$8

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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