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$2,956 (target)

640 N Adelaide St, Fenton, MI 48430

3 beds • 3 baths • 3408 sqft

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This property might be a fair Mid-Term investment with a projected 0.82% first-year return on $77,262 initial cash invested.

0.82%

Cash On Cash

6.94%

Cap Rate

1.12

DSCR

$2,956

Rent

$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $2,903 expenses = $53 cash flow

Income$2,956Mortgage P&I$1,46049%Property Taxes$29110%Insurance$1475%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%Cash Flow$53

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,262

Downpayment

20%

$56,440

Closing costs

1%

$2,822

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$2,903

Mortgage P&I

49%

$1,460

Property Taxes

10%

$291

Home Insurance

5%

$147

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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