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$2,660 (target)

6555 Skylar Ln, Waterford, MI 48327

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Mid-Term investment with a projected -12.08% first-year return on $104k initial cash invested.

-12.08%

Cash On Cash

3.23%

Cap Rate

0.54

DSCR

$2,660

Rent

-$1,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $3,708 expenses = $1,048 out of pocket

Income$2,660Out of Pocket$1,048Mortgage P&I$2,04477%Property Taxes$59122%Insurance$1445%HOA$251%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,660

Total Expenses

$3,708

Mortgage P&I

77%

$2,044

Property Taxes

22%

$591

Home Insurance

5%

$144

HOA

1%

$25

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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