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$2,565 (target)

6518 Fenton St, Dearborn Heights, MI 48127

3 beds • 2 baths • 981 sqft

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This property looks like a bad Mid-Term investment with a projected -3.6% first-year return on $75,078 initial cash invested.

-3.6%

Cash On Cash

5.7%

Cap Rate

0.91

DSCR

$2,565

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,565 income − $2,790 expenses = $225 out of pocket

Income$2,565Out of Pocket$225Mortgage P&I$1,41255%Property Taxes$40716%Insurance$984%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,078

Downpayment

20%

$54,360

Closing costs

1%

$2,718

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,565

Total Expenses

$2,790

Mortgage P&I

55%

$1,412

Property Taxes

16%

$407

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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