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$2,682 (target)

7489 N Silvery Ln, Dearborn Heights, MI 48127

3 beds • 2 baths • 1728 sqft

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This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $64,158 initial cash invested.

3.5%

Cash On Cash

8.37%

Cap Rate

1.24

DSCR

$2,682

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $2,495 expenses = $187 cash flow

Income$2,682Mortgage P&I$1,23946%Property Taxes$27910%Insurance$662%Management$32212%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$187

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,158

Downpayment

20%

$43,960

Closing costs

1%

$2,198

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,682

Total Expenses

$2,495

Mortgage P&I

46%

$1,239

Property Taxes

10%

$279

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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