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$4,004 (target)

7486 Michigan Rd, Bay City, MI 48706

3 beds • 4 baths • 3500 sqft

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This property looks like a bad Mid-Term investment with a projected -11.6% first-year return on $158k initial cash invested.

-11.6%

Cash On Cash

3.61%

Cap Rate

0.59

DSCR

$4,004

Rent

-$1,532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,004 income − $5,536 expenses = $1,532 out of pocket

Income$4,004Out of Pocket$1,532Mortgage P&I$3,38685%Property Taxes$55614%Insurance$2346%Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

Investment Breakdown

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Purchase Price

$669k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$134k

Closing costs

1%

$6,689

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,004

Total Expenses

$5,536

Mortgage P&I

85%

$3,386

Property Taxes

14%

$556

Home Insurance

6%

$234

HOA

0%

$0

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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