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$4,209 (target)

1077 Hadley Rd, Lapeer, MI 48446

3 beds • 3 baths • 2496 sqft

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This property could be a profitable Mid-Term investment with a projected 10.01% first-year return on $90,345 initial cash invested.

10.01%

Cash On Cash

9.27%

Cap Rate

1.53

DSCR

$4,209

Rent

$754

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,209 income − $3,455 expenses = $754 cash flow

Income$4,209Mortgage P&I$1,73941%Property Taxes$1654%Insurance$1213%Management$50512%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46311%Cash Flow$754

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,345

Downpayment

20%

$68,900

Closing costs

1%

$3,445

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,209

Total Expenses

$3,455

Mortgage P&I

41%

$1,739

Property Taxes

4%

$165

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$505

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$463

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