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$2,254 (target)

708 Cypress St, Midland, MI 48642

3 beds • 2 baths • 1331 sqft

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This property might be a fair Mid-Term investment with a projected 3.45% first-year return on $58,089 initial cash invested.

3.45%

Cash On Cash

8.17%

Cap Rate

1.25

DSCR

$2,254

Rent

$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,254 income − $2,087 expenses = $167 cash flow

Income$2,254Mortgage P&I$1,04246%Property Taxes$2119%Insurance$683%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$167

Investment Breakdown

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Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,089

Downpayment

20%

$38,180

Closing costs

1%

$1,909

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,254

Total Expenses

$2,087

Mortgage P&I

46%

$1,042

Property Taxes

9%

$211

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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