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$5,060 (target)

6948 E 48th Rd, Cadillac, MI 49601

3 beds • 2 baths • 2016 sqft

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This property could be a profitable Mid-Term investment with a projected 56.77% first-year return on $48,450 initial cash invested.

56.77%

Cash On Cash

27.13%

Cap Rate

4.18

DSCR

$5,060

Rent

$2,292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,060 income − $2,768 expenses = $2,292 cash flow

Income$5,060Mortgage P&I$78415%Property Taxes$2134%Insurance$511%Management$60712%CapEx$2024%Vacancy$1523%Maintenance$2024%Other$55711%Cash Flow$2,292

Investment Breakdown

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Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$5,060

Total Expenses

$2,768

Mortgage P&I

15%

$784

Property Taxes

4%

$213

Home Insurance

1%

$51

HOA

0%

$0

Property Management

12%

$607

CapEx

4%

$202

Vacancy

3%

$152

Maintenance

4%

$202

Other

11%

$557

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