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$3,963 (target)

606 6th St, Fenton, MI 48430

3 beds • 4 baths • 3120 sqft

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This property looks like a bad Mid-Term investment with a projected -3.74% first-year return on $106k initial cash invested.

-3.74%

Cash On Cash

5.74%

Cap Rate

0.92

DSCR

$3,963

Rent

-$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,963 income − $4,292 expenses = $329 out of pocket

Income$3,963Out of Pocket$329Mortgage P&I$2,16755%Property Taxes$59215%Insurance$1845%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43611%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,500

Closing costs

1%

$4,175

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,963

Total Expenses

$4,292

Mortgage P&I

55%

$2,167

Property Taxes

15%

$592

Home Insurance

5%

$184

HOA

0%

$0

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$436

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