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$4,077 (target)

983 N Riverside Ave, Saint Clair, MI 48079

3 beds • 4 baths • 3308 sqft

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This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $124k initial cash invested.

-6.17%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$4,077

Rent

-$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,077 income − $4,712 expenses = $635 out of pocket

Income$4,077Out of Pocket$635Mortgage P&I$2,49061%Property Taxes$59915%Insurance$2386%Management$48912%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44811%

Investment Breakdown

|

Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,028

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,077

Total Expenses

$4,712

Mortgage P&I

61%

$2,490

Property Taxes

15%

$599

Home Insurance

6%

$238

HOA

0%

$0

Property Management

12%

$489

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$448

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