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$2,330 (target)

35733 Simon Dr, Clinton Township, MI 48035

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Mid-Term investment with a projected -5.16% first-year return on $69,009 initial cash invested.

-5.16%

Cash On Cash

5.49%

Cap Rate

0.84

DSCR

$2,330

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,330 income − $2,627 expenses = $297 out of pocket

Income$2,330Out of Pocket$297Mortgage P&I$1,31656%Property Taxes$43319%Insurance$864%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,009

Downpayment

20%

$48,580

Closing costs

1%

$2,429

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,330

Total Expenses

$2,627

Mortgage P&I

56%

$1,316

Property Taxes

19%

$433

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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