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$3,694 (target)

1285 S Cummings Rd, Davison, MI 48423

3 beds • 2 baths • 2260 sqft

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This property might be a fair Mid-Term investment with a projected 4.47% first-year return on $89,694 initial cash invested.

4.47%

Cash On Cash

7.68%

Cap Rate

1.28

DSCR

$3,694

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,694 income − $3,360 expenses = $334 cash flow

Income$3,694Mortgage P&I$1,70246%Property Taxes$2808%Insurance$1223%Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%Cash Flow$334

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,694

Downpayment

20%

$68,280

Closing costs

1%

$3,414

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,694

Total Expenses

$3,360

Mortgage P&I

46%

$1,702

Property Taxes

8%

$280

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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