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8260 Clinton River Rd, Sterling Heights, MI 48314

3 beds • 1 baths • 1419 sqft

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This property might be a fair Long-Term investment with a projected 7.44% first-year return on $39,690 initial cash invested.

7.44%

Cash On Cash

8.51%

Cap Rate

1.35

DSCR

$2,010

Rent

$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,010

Total Expenses

$1,764

Mortgage P&I

49%

$994

Property Taxes

9%

$182

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$121

Maintenance

5%

$100

Other

0%

$0

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