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$3,340 (target)

124 Claremont Cir, Brooklyn, MI 49230

3 beds • 2 baths • 2208 sqft

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This property looks like a bad Mid-Term investment with a projected -15.91% first-year return on $149k initial cash invested.

-15.91%

Cash On Cash

2.66%

Cap Rate

0.43

DSCR

$3,340

Rent

-$1,974

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,340 income − $5,314 expenses = $1,974 out of pocket

Income$3,340Out of Pocket$1,974Mortgage P&I$3,22096%Property Taxes$69821%Insurance$2227%HOA$381%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%

Investment Breakdown

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Purchase Price

$623k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,232

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,340

Total Expenses

$5,314

Mortgage P&I

96%

$3,220

Property Taxes

21%

$698

Home Insurance

7%

$222

HOA

1%

$38

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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