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$1,773 (target)

6555 Skylar Ln, Waterford, MI 48327

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $86,079 initial cash invested.

-20.8%

Cash On Cash

1.88%

Cap Rate

0.31

DSCR

$1,773

Rent

-$1,492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,773 income − $3,265 expenses = $1,492 out of pocket

Income$1,773Out of Pocket$1,492Mortgage P&I$2,044115%Property Taxes$59133%Insurance$1448%HOA$251%Management$17710%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,079

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,773

Total Expenses

$3,265

Mortgage P&I

115%

$2,044

Property Taxes

33%

$591

Home Insurance

8%

$144

HOA

1%

$25

Property Management

10%

$177

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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