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$4,010 (target)

3310 26th St, Allegan, MI 49328

3 beds • 2 baths • 2506 sqft

$1,211,700

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This property looks like a bad Mid-Term investment with a projected -19.63% first-year return on $272k initial cash invested.

-19.63%

Cash On Cash

1.84%

Cap Rate

0.3

DSCR

$4,010

Rent

-$4,457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,010 income − $8,467 expenses = $4,457 out of pocket

Income$4,010Out of Pocket$4,457Mortgage P&I$6,153153%Property Taxes$49712%Insurance$45511%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$1212k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$272k

Downpayment

20%

$242k

Closing costs

1%

$12,117

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,010

Total Expenses

$8,467

Mortgage P&I

153%

$6,153

Property Taxes

12%

$497

Home Insurance

11%

$455

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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