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$2,830 (target)

8835 Birkhill Dr, Sterling Heights, MI 48314

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -2.66% first-year return on $82,953 initial cash invested.

-2.66%

Cash On Cash

5.82%

Cap Rate

0.95

DSCR

$2,830

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $3,014 expenses = $184 out of pocket

Income$2,830Out of Pocket$184Mortgage P&I$1,57055%Property Taxes$37213%Insurance$1104%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,953

Downpayment

20%

$61,860

Closing costs

1%

$3,093

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,830

Total Expenses

$3,014

Mortgage P&I

55%

$1,570

Property Taxes

13%

$372

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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