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$2,600 (target)

9984 Hemingway, Redford, MI 48239

3 beds • 2 baths • 1225 sqft

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This property might be a fair Mid-Term investment with a projected 1.46% first-year return on $61,449 initial cash invested.

1.46%

Cash On Cash

7.34%

Cap Rate

1.16

DSCR

$2,600

Rent

$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,600 income − $2,525 expenses = $75 cash flow

Income$2,600Mortgage P&I$1,08642%Property Taxes$46718%Insurance$883%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$75

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,449

Downpayment

20%

$41,380

Closing costs

1%

$2,069

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,600

Total Expenses

$2,525

Mortgage P&I

42%

$1,086

Property Taxes

18%

$467

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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