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$3,216 (target)

9428 Gillman St, Livonia, MI 48150

3 beds • 2 baths • 1026 sqft

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This property might be a fair Mid-Term investment with a projected 5.7% first-year return on $74,133 initial cash invested.

5.7%

Cash On Cash

8.2%

Cap Rate

1.36

DSCR

$3,216

Rent

$352

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,216 income − $2,864 expenses = $352 cash flow

Income$3,216Mortgage P&I$1,34642%Property Taxes$33010%Insurance$943%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35411%Cash Flow$352

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,216

Total Expenses

$2,864

Mortgage P&I

42%

$1,346

Property Taxes

10%

$330

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$354

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