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$3,807 (target)

53293 Spurry Ln, Chesterfield, MI 48051

3 beds • 2 baths • 1794 sqft

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This property might be a fair Mid-Term investment with a projected 1.32% first-year return on $99,207 initial cash invested.

1.32%

Cash On Cash

6.84%

Cap Rate

1.13

DSCR

$3,807

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $3,698 expenses = $109 cash flow

Income$3,807Mortgage P&I$1,94351%Property Taxes$3259%Insurance$1364%Management$45712%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41911%Cash Flow$109

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$3,698

Mortgage P&I

51%

$1,943

Property Taxes

9%

$325

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$457

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$419

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