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$4,160 (target)

321 Elio, Highland, MI 48357

3 beds • 3 baths • 5700 sqft

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This property looks like a bad Mid-Term investment with a projected -13.22% first-year return on $161k initial cash invested.

-13.22%

Cash On Cash

3.2%

Cap Rate

0.53

DSCR

$4,160

Rent

-$1,778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,160 income − $5,938 expenses = $1,778 out of pocket

Income$4,160Out of Pocket$1,778Mortgage P&I$3,43082%Property Taxes$82320%Insurance$2717%Management$49912%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45811%

Investment Breakdown

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Purchase Price

$683k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$137k

Closing costs

1%

$6,826

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,160

Total Expenses

$5,938

Mortgage P&I

82%

$3,430

Property Taxes

20%

$823

Home Insurance

7%

$271

HOA

0%

$0

Property Management

12%

$499

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$458

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