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$2,049 (target)

8096 Central St, Detroit, MI 48204

3 beds • 2 baths • 1326 sqft

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This property could be a profitable Mid-Term investment with a projected 29.49% first-year return on $33,120 initial cash invested.

29.49%

Cash On Cash

21.03%

Cap Rate

3.45

DSCR

$2,049

Rent

$814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,049 income − $1,235 expenses = $814 cash flow

Income$2,049Mortgage P&I$36618%Property Taxes$1487%Insurance$251%Management$24612%CapEx$824%Vacancy$613%Maintenance$824%Other$22511%Cash Flow$814

Investment Breakdown

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Purchase Price

$72,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,120

Downpayment

20%

$14,400

Closing costs

1%

$720

Rehab

0%

$0

Furnishing

25%

$18,000

Cashflow

Total Income

$2,049

Total Expenses

$1,235

Mortgage P&I

18%

$366

Property Taxes

7%

$148

Home Insurance

1%

$25

HOA

0%

$0

Property Management

12%

$246

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$225

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