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$3,339 (target)

36143 Fernwood St, Westland, MI 48186

3 beds • 2 baths • 1585 sqft

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This property might be a fair Mid-Term investment with a projected 5.06% first-year return on $75,939 initial cash invested.

5.06%

Cash On Cash

8.02%

Cap Rate

1.33

DSCR

$3,339

Rent

$320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,339 income − $3,019 expenses = $320 cash flow

Income$3,339Mortgage P&I$1,38942%Property Taxes$39812%Insurance$963%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%Cash Flow$320

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,939

Downpayment

20%

$55,180

Closing costs

1%

$2,759

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,339

Total Expenses

$3,019

Mortgage P&I

42%

$1,389

Property Taxes

12%

$398

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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