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$4,704 (target)

3908 Meadowood Ln SW, Grandville, MI 49418

3 beds • 3 baths • 1944 sqft

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This property might be a fair Mid-Term investment with a projected 8.6% first-year return on $96,750 initial cash invested.

8.6%

Cash On Cash

9.05%

Cap Rate

1.45

DSCR

$4,704

Rent

$693

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,704 income − $4,011 expenses = $693 cash flow

Income$4,704Mortgage P&I$1,94841%Property Taxes$3347%Insurance$1313%Management$56412%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51711%Cash Flow$693

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,704

Total Expenses

$4,011

Mortgage P&I

41%

$1,948

Property Taxes

7%

$334

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$564

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$517

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