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$3,450 (target)

33882 Lipke St, Clinton Township, MI 48035

3 beds • 3 baths • 1623 sqft

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This property might be a fair Mid-Term investment with a projected 2.36% first-year return on $89,400 initial cash invested.

2.36%

Cash On Cash

7.1%

Cap Rate

1.18

DSCR

$3,450

Rent

$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,450 income − $3,274 expenses = $176 cash flow

Income$3,450Mortgage P&I$1,69949%Property Taxes$2808%Insurance$1214%Management$41412%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%Cash Flow$176

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,450

Total Expenses

$3,274

Mortgage P&I

49%

$1,699

Property Taxes

8%

$280

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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