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$3,470 (target)

4988 Patricia Dr, Akron, OH 44319

3 beds • 3 baths • 1933 sqft

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This property might be a fair Mid-Term investment with a projected 3.6% first-year return on $84,066 initial cash invested.

3.6%

Cash On Cash

7.47%

Cap Rate

1.25

DSCR

$3,470

Rent

$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,470 income − $3,218 expenses = $252 cash flow

Income$3,470Mortgage P&I$1,56845%Property Taxes$35810%Insurance$1123%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%Cash Flow$252

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,470

Total Expenses

$3,218

Mortgage P&I

45%

$1,568

Property Taxes

10%

$358

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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