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$2,256 (target)

6001 N Harvey St, Westland, MI 48185

3 beds • 2 baths • 1470 sqft

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This property might be a fair Mid-Term investment with a projected 4.99% first-year return on $55,590 initial cash invested.

4.99%

Cash On Cash

8.94%

Cap Rate

1.32

DSCR

$2,256

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,256 income − $2,025 expenses = $231 cash flow

Income$2,256Mortgage P&I$1,01345%Property Taxes$1828%Insurance$633%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$231

Investment Breakdown

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Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,256

Total Expenses

$2,025

Mortgage P&I

45%

$1,013

Property Taxes

8%

$182

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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