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$2,958 (target)

3320 N Sturgeon Rd, Midland, MI 48642

3 beds • 3 baths • 2012 sqft

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This property might be a fair Mid-Term investment with a projected 4.85% first-year return on $79,740 initial cash invested.

4.85%

Cash On Cash

7.78%

Cap Rate

1.3

DSCR

$2,958

Rent

$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $2,636 expenses = $322 cash flow

Income$2,958Mortgage P&I$1,46750%Property Taxes$612%Insurance$1033%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%Cash Flow$322

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,740

Downpayment

20%

$58,800

Closing costs

1%

$2,940

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,958

Total Expenses

$2,636

Mortgage P&I

50%

$1,467

Property Taxes

2%

$61

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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