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8659 Essex Ave, Warren, MI 48089

3 beds • 1 baths • 1034 sqft

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This property looks like a bad Long-Term investment with a projected -5.49% first-year return on $33,453 initial cash invested.

-5.49%

Cash On Cash

5.68%

Cap Rate

0.9

DSCR

$1,380

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,453

Downpayment

20%

$31,860

Closing costs

1%

$1,593

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,380

Total Expenses

$1,533

Mortgage P&I

61%

$838

Property Taxes

20%

$280

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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Comparable Property

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$2,850

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