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$2,685 (target)

8433 Newells Ln, Portage, MI 49002

3 beds • 2 baths • 1821 sqft

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This property might be a fair Mid-Term investment with a projected 0.94% first-year return on $65,250 initial cash invested.

0.94%

Cash On Cash

7.47%

Cap Rate

1.13

DSCR

$2,685

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $2,634 expenses = $51 cash flow

Income$2,685Mortgage P&I$1,24346%Property Taxes$40015%Insurance$793%Management$32212%CapEx$1074%Vacancy$813%Maintenance$1074%Other$29511%Cash Flow$51

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,685

Total Expenses

$2,634

Mortgage P&I

46%

$1,243

Property Taxes

15%

$400

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$81

Maintenance

4%

$107

Other

11%

$295

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