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$2,928 (target)

835 Oakgrove, Highland, MI 48356

3 beds • 2 baths • 2173 sqft

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This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $91,500 initial cash invested.

-5.06%

Cash On Cash

5.2%

Cap Rate

0.85

DSCR

$2,928

Rent

-$386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,928 income − $3,314 expenses = $386 out of pocket

Income$2,928Out of Pocket$386Mortgage P&I$1,78661%Property Taxes$39013%Insurance$1224%HOA$211%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,928

Total Expenses

$3,314

Mortgage P&I

61%

$1,786

Property Taxes

13%

$390

Home Insurance

4%

$122

HOA

1%

$21

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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