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$3,111 (target)

7173 Porter Rd, Grand Blanc, MI 48439

3 beds • 2 baths • 1624 sqft

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This property could be a profitable Mid-Term investment with a projected 14.42% first-year return on $58,509 initial cash invested.

14.42%

Cash On Cash

11.55%

Cap Rate

1.8

DSCR

$3,111

Rent

$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,111 income − $2,408 expenses = $703 cash flow

Income$3,111Mortgage P&I$1,02933%Property Taxes$2578%Insurance$662%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$703

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,509

Downpayment

20%

$38,580

Closing costs

1%

$1,929

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,111

Total Expenses

$2,408

Mortgage P&I

33%

$1,029

Property Taxes

8%

$257

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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