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$2,853 (target)

56848 Bow Dr, Three Rivers, MI 49093

3 beds • 2 baths • 1120 sqft

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This property might be a fair Mid-Term investment with a projected 4.83% first-year return on $71,088 initial cash invested.

4.83%

Cash On Cash

7.99%

Cap Rate

1.31

DSCR

$2,853

Rent

$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,853 income − $2,567 expenses = $286 cash flow

Income$2,853Mortgage P&I$1,28345%Property Taxes$2107%Insurance$913%HOA$13Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$286

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,088

Downpayment

20%

$50,560

Closing costs

1%

$2,528

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,853

Total Expenses

$2,567

Mortgage P&I

45%

$1,283

Property Taxes

7%

$210

Home Insurance

3%

$91

HOA

0%

$13

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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