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$3,418 (target)

9338 Florida St, Livonia, MI 48150

3 beds • 2 baths • 1940 sqft

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This property might be a fair Mid-Term investment with a projected 2.07% first-year return on $86,334 initial cash invested.

2.07%

Cash On Cash

7.04%

Cap Rate

1.18

DSCR

$3,418

Rent

$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,418 income − $3,269 expenses = $149 cash flow

Income$3,418Mortgage P&I$1,62448%Property Taxes$37011%Insurance$1123%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%Cash Flow$149

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,334

Downpayment

20%

$65,080

Closing costs

1%

$3,254

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,418

Total Expenses

$3,269

Mortgage P&I

48%

$1,624

Property Taxes

11%

$370

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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