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$2,494 (target)

605 Webb Dr, Bay City, MI 48706

3 beds • 3 baths • 2030 sqft

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This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $61,848 initial cash invested.

2.89%

Cash On Cash

7.97%

Cap Rate

1.22

DSCR

$2,494

Rent

$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $2,345 expenses = $149 cash flow

Income$2,494Mortgage P&I$1,13846%Property Taxes$28511%Insurance$743%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$149

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,848

Downpayment

20%

$41,760

Closing costs

1%

$2,088

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,494

Total Expenses

$2,345

Mortgage P&I

46%

$1,138

Property Taxes

11%

$285

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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