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$2,836 (target)

3685 Chesterfield Dr, Lapeer, MI 48446

3 beds • 2 baths • 1492 sqft

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This property might be a fair Mid-Term investment with a projected 6.65% first-year return on $68,568 initial cash invested.

6.65%

Cash On Cash

8.59%

Cap Rate

1.4

DSCR

$2,836

Rent

$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $2,456 expenses = $380 cash flow

Income$2,836Mortgage P&I$1,23043%Property Taxes$1696%Insurance$943%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$380

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,568

Downpayment

20%

$48,160

Closing costs

1%

$2,408

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,456

Mortgage P&I

43%

$1,230

Property Taxes

6%

$169

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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