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$2,690 (target)

6155 N Silvery Ln, Dearborn Heights, MI 48127

3 beds • 2 baths • 1206 sqft

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This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $76,758 initial cash invested.

-5.21%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$2,690

Rent

-$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $3,023 expenses = $333 out of pocket

Income$2,690Out of Pocket$333Mortgage P&I$1,39252%Property Taxes$61023%Insurance$1054%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,758

Downpayment

20%

$55,960

Closing costs

1%

$2,798

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$3,023

Mortgage P&I

52%

$1,392

Property Taxes

23%

$610

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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