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$2,844 (target)

6145 Crystal Lake Dr, Romulus, MI 48174

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -4.71% first-year return on $84,402 initial cash invested.

-4.71%

Cash On Cash

5.58%

Cap Rate

0.87

DSCR

$2,844

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,844 income − $3,175 expenses = $331 out of pocket

Income$2,844Out of Pocket$331Mortgage P&I$1,68759%Property Taxes$41114%Insurance$883%HOA$221%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,402

Downpayment

20%

$63,240

Closing costs

1%

$3,162

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,844

Total Expenses

$3,175

Mortgage P&I

59%

$1,687

Property Taxes

14%

$411

Home Insurance

3%

$88

HOA

1%

$22

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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