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$2,547 (target)

35361 Lucinda Dr, Clinton Township, MI 48035

3 beds • 2 baths • 2247 sqft

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This property might be a fair Mid-Term investment with a projected 0.55% first-year return on $72,285 initial cash invested.

0.55%

Cash On Cash

6.86%

Cap Rate

1.1

DSCR

$2,547

Rent

$33

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,547 income − $2,514 expenses = $33 cash flow

Income$2,547Mortgage P&I$1,34353%Property Taxes$2148%Insurance$914%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%Cash Flow$33

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,285

Downpayment

20%

$51,700

Closing costs

1%

$2,585

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,547

Total Expenses

$2,514

Mortgage P&I

53%

$1,343

Property Taxes

8%

$214

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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