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$2,640 (target)

3306 Raymond Ave, Dearborn, MI 48124

3 beds • 2 baths • 1582 sqft

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This property might be a fair Mid-Term investment with a projected 3.53% first-year return on $65,334 initial cash invested.

3.53%

Cash On Cash

8.03%

Cap Rate

1.25

DSCR

$2,640

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,448 expenses = $192 cash flow

Income$2,640Mortgage P&I$1,21046%Property Taxes$26010%Insurance$803%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%Cash Flow$192

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,334

Downpayment

20%

$45,080

Closing costs

1%

$2,254

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,448

Mortgage P&I

46%

$1,210

Property Taxes

10%

$260

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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