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$2,276 (target)

511 Cairns St, Tecumseh, MI 49286

3 beds • 2 baths • 910 sqft

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This property might be a fair Mid-Term investment with a projected 8.91% first-year return on $51,579 initial cash invested.

8.91%

Cash On Cash

10.33%

Cap Rate

1.52

DSCR

$2,276

Rent

$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $1,893 expenses = $383 cash flow

Income$2,276Mortgage P&I$90340%Property Taxes$1617%Insurance$562%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$383

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$1,893

Mortgage P&I

40%

$903

Property Taxes

7%

$161

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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