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$4,922 (target)

9659 Alger Dr, Brighton, MI 48114

3 beds • 3 baths • 3037 sqft

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This property might be a fair Mid-Term investment with a projected 0.73% first-year return on $121k initial cash invested.

0.73%

Cash On Cash

7.02%

Cap Rate

1.1

DSCR

$4,922

Rent

$73

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,922 income − $4,849 expenses = $73 cash flow

Income$4,922Mortgage P&I$2,59353%Property Taxes$3728%Insurance$2104%Management$59112%CapEx$1974%Vacancy$1483%Maintenance$1974%Other$54111%Cash Flow$73

Investment Breakdown

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Purchase Price

$489k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,880

Closing costs

1%

$4,894

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,922

Total Expenses

$4,849

Mortgage P&I

53%

$2,593

Property Taxes

8%

$372

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$591

CapEx

4%

$197

Vacancy

3%

$148

Maintenance

4%

$197

Other

11%

$541

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