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$3,380 (target)

3504 Kirkey Dr, Grand Blanc, MI 48439

3 beds • 3 baths • 1577 sqft

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This property could be a profitable Mid-Term investment with a projected 16.29% first-year return on $63,129 initial cash invested.

16.29%

Cash On Cash

11.81%

Cap Rate

1.88

DSCR

$3,380

Rent

$857

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $2,523 expenses = $857 cash flow

Income$3,380Mortgage P&I$1,12333%Property Taxes$1765%Insurance$752%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$857

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,380

Total Expenses

$2,523

Mortgage P&I

33%

$1,123

Property Taxes

5%

$176

Home Insurance

2%

$75

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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