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$3,061 (target)

58191 Eight Mile Rd, Northville, MI 48167

3 beds • 2 baths • 2865 sqft

$1,075,100

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This property looks like a bad Long-Term investment with a projected -21.05% first-year return on $226k initial cash invested.

-21.05%

Cash On Cash

1.69%

Cap Rate

0.28

DSCR

$3,061

Rent

-$3,961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,061 income − $7,022 expenses = $3,961 out of pocket

Income$3,061Out of Pocket$3,961Mortgage P&I$5,323174%Property Taxes$61320%Insurance$2909%Management$30610%CapEx$1535%Vacancy$1846%Maintenance$1535%

Investment Breakdown

|

Purchase Price

$1075k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$226k

Downpayment

20%

$215k

Closing costs

1%

$10,751

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,061

Total Expenses

$7,022

Mortgage P&I

174%

$5,323

Property Taxes

20%

$613

Home Insurance

9%

$290

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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