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$3,825 (target)

4077 Evelyn St, Traverse City, MI 49686

3 beds • 2 baths • 1465 sqft

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This property might be a fair Mid-Term investment with a projected 3.1% first-year return on $96,267 initial cash invested.

3.1%

Cash On Cash

7.32%

Cap Rate

1.21

DSCR

$3,825

Rent

$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,825 income − $3,576 expenses = $249 cash flow

Income$3,825Mortgage P&I$1,87049%Property Taxes$2697%Insurance$1364%Management$45912%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42111%Cash Flow$249

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,267

Downpayment

20%

$74,540

Closing costs

1%

$3,727

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,825

Total Expenses

$3,576

Mortgage P&I

49%

$1,870

Property Taxes

7%

$269

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$459

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$421

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