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$4,906 (target)

761 Thayer Blvd, Northville, MI 48167

3 beds • 3 baths • 2806 sqft

$1,200,000

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This property looks like a bad Mid-Term investment with a projected -18.32% first-year return on $270k initial cash invested.

-18.32%

Cash On Cash

2.1%

Cap Rate

0.35

DSCR

$4,906

Rent

-$4,121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,906 income − $9,027 expenses = $4,121 out of pocket

Income$4,906Out of Pocket$4,121Mortgage P&I$6,029123%Property Taxes$91019%Insurance$4209%Management$58912%CapEx$1964%Vacancy$1473%Maintenance$1964%Other$54011%

Investment Breakdown

|

Purchase Price

$1200k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$270k

Downpayment

20%

$240k

Closing costs

1%

$12,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,906

Total Expenses

$9,027

Mortgage P&I

123%

$6,029

Property Taxes

19%

$910

Home Insurance

9%

$420

HOA

0%

$0

Property Management

12%

$589

CapEx

4%

$196

Vacancy

3%

$147

Maintenance

4%

$196

Other

11%

$540

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