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$4,072 (target)

4349 Billmar St SW, Grandville, MI 49418

3 beds • 2 baths • 1816 sqft

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This property might be a fair Mid-Term investment with a projected 3.81% first-year return on $92,571 initial cash invested.

3.81%

Cash On Cash

7.78%

Cap Rate

1.25

DSCR

$4,072

Rent

$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,072 income − $3,778 expenses = $294 cash flow

Income$4,072Mortgage P&I$1,84445%Property Taxes$42310%Insurance$1263%Management$48912%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44811%Cash Flow$294

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,571

Downpayment

20%

$71,020

Closing costs

1%

$3,551

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,072

Total Expenses

$3,778

Mortgage P&I

45%

$1,844

Property Taxes

10%

$423

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$489

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$448

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