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$3,704 (target)

3330 Ellwood Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1373 sqft

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This property might be a fair Mid-Term investment with a projected 4.52% first-year return on $86,775 initial cash invested.

4.52%

Cash On Cash

7.73%

Cap Rate

1.29

DSCR

$3,704

Rent

$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,704 income − $3,377 expenses = $327 cash flow

Income$3,704Mortgage P&I$1,63444%Property Taxes$37310%Insurance$1123%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%Cash Flow$327

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,704

Total Expenses

$3,377

Mortgage P&I

44%

$1,634

Property Taxes

10%

$373

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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