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$3,138 (target)

98 29th St S, Battle Creek, MI 49015

3 beds • 2 baths • 1024 sqft

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This property might be a fair Mid-Term investment with a projected 9.93% first-year return on $60,756 initial cash invested.

9.93%

Cash On Cash

10.23%

Cap Rate

1.57

DSCR

$3,138

Rent

$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,138 income − $2,635 expenses = $503 cash flow

Income$3,138Mortgage P&I$1,10735%Property Taxes$38612%Insurance$742%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34511%Cash Flow$503

Investment Breakdown

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Purchase Price

$204k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,756

Downpayment

20%

$40,720

Closing costs

1%

$2,036

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,138

Total Expenses

$2,635

Mortgage P&I

35%

$1,107

Property Taxes

12%

$386

Home Insurance

2%

$74

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$345

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