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$3,070 (target)

1082 Louis Dr, Benton Harbor, MI 49022

3 beds • 2 baths • 1814 sqft

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This property might be a fair Mid-Term investment with a projected 9.04% first-year return on $64,662 initial cash invested.

9.04%

Cash On Cash

9.72%

Cap Rate

1.51

DSCR

$3,070

Rent

$487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,070 income − $2,583 expenses = $487 cash flow

Income$3,070Mortgage P&I$1,19039%Property Taxes$2699%Insurance$803%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%Cash Flow$487

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,662

Downpayment

20%

$44,440

Closing costs

1%

$2,222

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,070

Total Expenses

$2,583

Mortgage P&I

39%

$1,190

Property Taxes

9%

$269

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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