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$2,462 (target)

909 Clinton Ave, Kalamazoo, MI 49001

3 beds • 2 baths • 1480 sqft

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This property could be a profitable Mid-Term investment with a projected 22.53% first-year return on $43,788 initial cash invested.

22.53%

Cash On Cash

15.4%

Cap Rate

2.4

DSCR

$2,462

Rent

$822

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $1,640 expenses = $822 cash flow

Income$2,462Mortgage P&I$65627%Property Taxes$1064%Insurance$422%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%Cash Flow$822

Investment Breakdown

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Purchase Price

$123k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,788

Downpayment

20%

$24,560

Closing costs

1%

$1,228

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$1,640

Mortgage P&I

27%

$656

Property Taxes

4%

$106

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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