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$2,985 (target)

7220 Leelanau Trl, Gaylord, MI 49735

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -7.74% first-year return on $118k initial cash invested.

-7.74%

Cash On Cash

4.44%

Cap Rate

0.73

DSCR

$2,985

Rent

-$760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,985 income − $3,745 expenses = $760 out of pocket

Income$2,985Out of Pocket$760Mortgage P&I$2,40180%Property Taxes$1565%Insurance$1746%Management$35812%CapEx$1194%Vacancy$903%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,040

Closing costs

1%

$4,752

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,985

Total Expenses

$3,745

Mortgage P&I

80%

$2,401

Property Taxes

5%

$156

Home Insurance

6%

$174

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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