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$4,606 (target)

1198 Ridgeview Cir, Lake Orion, MI 48362

3 beds • 3 baths • 2161 sqft

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This property might be a fair Mid-Term investment with a projected 2.06% first-year return on $108k initial cash invested.

2.06%

Cash On Cash

7%

Cap Rate

1.17

DSCR

$4,606

Rent

$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,606 income − $4,421 expenses = $185 cash flow

Income$4,606Mortgage P&I$2,13046%Property Taxes$55012%Insurance$1543%HOA$21Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%Cash Flow$185

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,740

Closing costs

1%

$4,287

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,606

Total Expenses

$4,421

Mortgage P&I

46%

$2,130

Property Taxes

12%

$550

Home Insurance

3%

$154

HOA

0%

$21

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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